Announced Fri, 3 Jul · 19:04 IST
RBI imposes Rs 63.60 lakh penalty on Bank of Baroda
Regulatory & Legal View source PDF
BANKBARODA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.8%1-day move
₹252.20
prior close
₹252.90
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.2-0.7-0.5-0.7-1.8-4.4-3.1-0.5-0.7-1.6-3.2———
Up moveDown movePending
AI summary
RBI has imposed a penalty of Rs 63.60 lakhs on Bank of Baroda for two compliance issues: collecting interest higher than the contracted rate in certain loan accounts, and failing to upload KYC records of some customers onto the Central KYC Records Registry within the prescribed timeline. The penalty will be charged to the bank's profit and loss account.
Likely market impact
Minor one-time hit of Rs 63.60 lakhs to P&L. Negligible relative to bank's overall size and no major operational impact.