Bank Of India has informed the Exchange regarding 'Disclosure under Regulation 30 under SEBI LODR , Regulation 2015.'.
BANKINDIA · price
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The Reserve Bank of India has imposed a monetary penalty of Rs. 58,50,000 (Rs. 58.50 lakhs) on Bank of India, dated 27.03.2026. The penalty relates to two issues: (1) the bank collected ad-hoc service charges, inspection charges, and processing charges in Priority Sector Lending (PSL) accounts up to Rs. 25,000, and (2) the bank did not pay the applicable rate of interest on Term Deposit Receipts (TDRs) for the period between the date of maturity and the date of encashment. The bank has disclosed this under Regulation 30 of SEBI LODR Regulations, 2015. The bank has stated that the penalty has no material impact on its financial operations or other activities.
The penalty amount of Rs. 58.50 lakhs is negligible relative to the bank's size and operations, so the financial impact on shareholders is minimal. This is a routine regulatory compliance matter and is unlikely to have any meaningful effect on the stock price.