Union Bank of India has informed the Exchange about General Updates
UNIONBANK · price
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The Reserve Bank of India has levied a penalty of ₹1,96,800 on Union Bank of India, communicated to the bank on 22 September 2025. The penalty relates to deficiencies observed in four areas: handling of mutilated and soiled note remittances, CCTV-related compliance, storing of branch cash, and non-conduct of surprise verification. The bank has described the financial impact as 'not significant' and stated that necessary preventive measures have been taken to avoid recurrence. This disclosure was made under SEBI's Listing Obligations and Disclosure Requirements (Regulation 30).
The penalty amount is negligible relative to Union Bank's overall size and operations, and the bank itself has classified the impact as not significant. Shareholders are unlikely to see any meaningful effect on the stock price or financials from this order.