The Reserve Bank of India (RBI) has imposed a penalty of ₹1,35,750 on Bank of India due to irregularities observed during an RBI inspection at the Bhilai Currency Chest. The bank has implemented preventive measures to avoid similar occurrences in the future. According to the bank, the monetary penalty will not have a material impact on its financial operations or other activities.
RBI Penalty
Bank of India has received a penalty from the Reserve Bank of India (RBI) following an inspection. The penalty, amounting to ₹1,35,750, was imposed due to certain irregularities. This notice was released on November 11, 2025.
Preventive Measures
The Bank of India has taken steps to prevent the recurrence of similar issues. According to the bank’s statement, the penalty will not materially impact the bank’s financial operations.
Source: BSE
