Regulatory Action Details
- Regulatory Authority: Reserve Bank of India (RBI)
- Action Taken: Imposition of monetary penalty
- Penalty Amount: ₹3,08,795 (Rupees Three lakh eight thousand seven hundred and ninety-five only)
- Date of Receipt of Order: 17th August 2026
Violation Details
- Nature of Violation: Detection of Counterfeit currency notes during RBI inspection
- Additional Violations: Detection of mutilated currency notes and shortage of currency during the same RBI inspection
Financial Impact Assessment
- The bank has explicitly stated that the impact on financial, operational or other activities is "Not Significant"
- The penalty amount of ₹3,08,795 has been quantified
Preventive Measures
The bank has stated that it has "taken necessary preventive measures to avoid recurrences of such instances"
Disclosure Compliance
- SEBI Regulation Reference: Regulation 30(4) read with Schedule III, Part A Clause 20 of SEBI (LODR) Regulations, 2015
- Disclosure Date: 18th August 2026