RBI penalty of Rs 1.88 lakh on Indian Bank's Currency Chest Satna

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Price reactionminutes from the announcement price · days from the prior close

+0.1%Reaction day

₹876.10

prior close

₹875.00

announcement price

After-mkt

timing

Nifty Midcap 150market-0.6%+0.7% vs market

Public Sector Bank peers, median of 11sector+0.4%-0.3% vs sector

On the reaction day the stock moved 0.7 pts more than Nifty Midcap 150 and 0.3 pts less than its Public Sector Bank peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.3

10m

-0.3

15m

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30m

-0.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.1-0.6+0.7+0.4-0.3

Next day

+1.2-0.1+1.4+1.9-0.7

+0.8-0.4+1.2+2.0-1.2

-0.9-0.8-0.1+0.4-1.3

-1.8-0.7-1.1-0.5-1.3

-2.2-1.1-1.1-0.2-2.0

-2.6-1.7-0.8-0.6-2.0

15d

-5.8-3.4-2.4-2.2-3.6

-7.5-6.4-1.1-5.7-1.9

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UpDownMarket · Nifty Midcap 150Sector · Public Sector Bank peers, median of 11Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

RBI imposed a penalty of Rs 1,88,600 on Indian Bank's Currency Chest at Satna for soiled note remittance irregularities. The bank clarified the penalty relates to routine operational activities and, considering the size of operations, has no material impact on the bank or its profitability.

Likely market impact

Negligible financial impact given the bank's size; a routine operational penalty with no material effect on profitability.