Union Bank of India has informed the Exchange about General Updates
UNIONBANK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Reserve Bank of India has imposed a penalty of ₹1,69,025 on Union Bank of India for a deficiency observed during Soiled Note Remittance (SNR) to RBI. The order was received on 4 August 2025 and disclosed to the stock exchanges on 5 August 2025 under SEBI LODR Regulation 30. The bank has stated that the penalty has no material impact on its financial operations or other activities and that it has taken preventive measures to avoid recurrence. The penalty amount is very small relative to the size of a large public sector bank.
Minimal impact on shareholders — the penalty is just ₹1.69 lakh, which is negligible for a bank of Union Bank's size. The bank itself confirms no material financial or operational impact, so this is unlikely to affect the stock price.