Union Bank of India has informed the Exchange about General Updates
UNIONBANK · price
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Union Bank of India has disclosed that the Reserve Bank of India (RBI) imposed a penalty of ₹1,02,950 on the bank. The penalty relates to discrepancies observed in soiled notes remitted to RBI, along with miscellaneous reasons. The order was received on September 25, 2025, and the disclosure was made under SEBI LODR Regulation 30. The bank has assessed the impact as 'Not Significant' on its financial or operational activities. It has also stated that preventive measures have been taken to avoid any recurrence of such instances.
The penalty amount is very small relative to the bank's size and operations, and the bank itself considers the impact not significant. Shareholders are unlikely to see any material effect on the stock price or business from this penalty.