Bank Of Baroda has informed the Exchange about Disclosure under Regulation 30
BANKBARODA · price
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Bank of Baroda has disclosed that the Reserve Bank of India (RBI) imposed a penalty of Rs. 1,00,000 (Rs. 1 Lakh) on the bank. The penalty relates to a shortage of notes found during a preliminary verification of soiled note remittance (SNR). The bank received the order from RBI on 12th March 2026. The disclosure was made to the stock exchanges under SEBI's Regulation 30 (LODR) norms, as required for material regulatory actions.
The financial impact is negligible — just Rs. 1 Lakh on the bank's profit and loss account. This is a routine regulatory penalty and is unlikely to have any material effect on the stock price or operations.