Bank of India penalized by RBI for operational lapses at Chandrapur currency chest

Bank of India announced a monetary penalty of Rs. 4,19,550/- levied by the Reserve Bank of India. The penalty was imposed following the detection of mutilated notes and inadequate CCTV coverage in the bank's Chandrapur currency chest. The order regarding this penalty was received on December 3, 2025.

Despite the penalty, Bank of India states that the imposition will not have a material impact on its financial operations or other activities. The disclosure was made in compliance with Regulation 30(4) read with Schedule III, Part A, Para A, Sub-para 20 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.