UCO Bank has informed the Exchange about Action(s) taken or orders passed
UCOBANK · price
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The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹38.60 lakh on UCO Bank, disclosed on February 20, 2026. The penalty is for non-compliance with certain RBI directions on three specific areas: periodicity of payment of interest on savings deposits, locker rent, and credit information reporting for Self Help Group (SHG) members. The findings came from RBI's Statutory Inspection for Supervisory Evaluation (ISE 2025), conducted with reference to the bank's financial position as of March 31, 2025. UCO Bank has stated that the financial implications of this penalty are non-material and has taken preventive steps to strengthen internal processes and avoid recurrence.
The penalty amount is small relative to the bank's size and has been explicitly classified as non-material by the bank, so the direct financial impact on shareholders is negligible. However, the disclosure highlights compliance gaps in savings account operations and SHG reporting, which investors may want to monitor for any recurring regulatory issues.