Bank Of India has informed the Exchange regarding 'Disclosure under Regulation 30 of the SEBI(LODR) Regulations, 2015'.
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Bank of India disclosed that the Reserve Bank of India (RBI) has imposed a monetary penalty of Rs. 1,85,300 on its Kanpur Currency Chest. The penalty was issued on 11.03.2026 and relates to shortages, counterfeit notes, and mutilated notes found in soiled note remittance. The bank has stated that this penalty has no material impact on its financial operations or other activities. This is a routine regulatory action disclosed under SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulation 30.
The penalty amount is negligible relative to Bank of India's overall size and operations, so shareholders should not expect any meaningful financial or operational impact. This is a minor compliance issue at a single currency chest and is unlikely to affect the stock price.