Canara Bank has been penalized by the Reserve Bank of India (RBI) with a monetary penalty of Rs. 4,35,550. This penalty was imposed due to shortages of notes, mutilated notes in currency chest balance, and other deficiencies observed during an inspection conducted from October 29th to 31st, 2025.
RBI Penalty Imposed
Canara Bank faces a monetary penalty of Rs. 4,35,550 imposed by the Reserve Bank of India (RBI). The penalty resulted from an inspection of the bank’s currency chest operations.
Reasons for Penalty
The RBI levied the penalty due to a shortage of notes and the presence of mutilated notes in the currency chest balance. Other operational deficiencies were also identified during the inspection conducted between October 29th and 31st, 2025.
Impact Assessment
According to Canara Bank, the impact on the financial or operational activities of the listed entity is Not Significant.
Source: BSE