Union Bank of India has informed the Exchange about General Updates
UNIONBANK · price
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Awaiting price reaction for this filing.
The Reserve Bank of India has imposed a penalty of ₹2,10,250 on Union Bank of India following an inspection. The deficiencies flagged were shortage, counterfeit, and mutilated notes in soiled note remittance, along with CCTV-related issues. The bank received the order on August 16, 2025. The bank has stated that the financial or operational impact is 'Not Significant' and that it has already taken preventive measures to avoid such lapses in the future.
The penalty amount is very small (around ₹2.1 lakh) relative to the bank's size, and the bank itself classifies the impact as not significant, so this is unlikely to materially affect the stock price or shareholder value.