Date: 10.06.2026
Regulatory Action Disclosure
Union Bank of India has received and disclosed a monetary penalty imposed by the Reserve Bank of India (RBI).
Details of Penalty
- Penalty Amount: ₹1,28,750 (Rupees One lakh twenty-eight thousand seven hundred and fifty only)
- Date of Order Receipt: 09.06.2026
- Regulatory Basis: Disclosure made under Regulation 30(4) read with Schedule III, Part A Clause 20 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Nature of Violations
The penalty was imposed for the following deficiencies detected during RBI inspection:
- Detection of Counterfeit and mutilated currency notes
- Shortage in Currency Chest Balances
- Other unspecified deficiencies found during RBI inspection
Impact Assessment
- Financial/Operational Impact: Not Significant (as quantified by the bank)
- Preventive Measures: Bank has taken necessary preventive measures to avoid recurrences of such instances