Bank of Baroda Penalized ₹2.15 Lakh by RBI for Mutilated Notes Classification
Bank of Baroda received a penalty of ₹2.15 lakh from the Reserve Bank of India. The penalty is for incorrect classification of mutilated notes as soiled notes. This action will impact the bank's P&L by the penalty amount.
The penalty amount of ₹2.15 lakh is a very small fraction of the bank's overall financial operations, thus having a low impact.
The bank has been penalized by the regulatory authority, which is a negative development.
Bank of Baroda has been penalized ₹2.15 lakh by the Reserve Bank of India (RBI) for issues related to the classification of mutilated notes as soiled notes. The penalty was communicated to the bank on August 19, 2026.
The specific violation pertains to the bank's classification of mutilated notes, which did not adhere to the RBI's guidelines. The financial impact on the bank's Profit and Loss statement is quantified as ₹2.15 lakh.
This disclosure is made by Bank of Baroda in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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Bank of Baroda filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by Bank of Baroda. Read the original for the full detail.