Date: 11.09.2026
Regulatory Disclosure
RBI Penalty Imposition
- The Reserve Bank of India has imposed a monetary penalty of ₹1,33,850 (Rupees One lakh thirty-three thousand eight hundred and fifty only) on Union Bank of India.
- The penalty was formally received by the bank on 11.09.2026.
Details of Violation/Contravention
- The penalty relates to deficiencies observed in three Currency Chests operated by the bank.
- Specific deficiencies included:
- Shortage of currency notes
- Deficiency in mutilated currency notes
- Counterfeit currency notes found in cash remittance
- These violations occurred during the financial years 2021-22 and 2022-23.
Financial Impact Assessment
- The bank has assessed that the financial impact of this penalty is "Not Significant."
- The operational impact is also considered not significant.
Preventive Measures
- The bank states that it has taken necessary preventive measures to avoid recurrence of such instances in the future.
Compliance Context
- This disclosure is made in compliance with Regulation 30(4) read with Schedule III, Part A Clause 20 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- Reference number: नि.से.वि.ISD/195/2026-27