Union Bank of India Penalized ₹2.8 Lakhs by RBI for Deficiencies
Union Bank of India received a penalty of ₹2.8 lakh from the Reserve Bank of India. The penalty is for deficiencies found in currency chest inspections and ATM cash out issues. The bank stated the impact is not significant and has taken preventive measures.
The penalty amount of ₹2.8 lakh is insignificant relative to the bank's overall financial standing, and the bank has also stated that the impact is not significant.
The bank has been penalized by the Reserve Bank of India, which is a negative event.
Union Bank of India has been penalized ₹2,80,050 (Rupees Two lakh eighty thousand and fifty only) by the Reserve Bank of India (RBI).
The penalty was imposed due to deficiencies observed during a currency chest inspection, including issues related to mutilated notes, shortage of notes, and CCTV surveillance. Additionally, there was a penalty for ATM cash out.
The RBI communicated this order on February 10, 2026. The bank has stated that the impact of this penalty on its financial, operational, or other activities is not significant. Union Bank of India has also confirmed that necessary preventive measures have been taken to avoid any recurrence of such instances.
What to do with a filing like this
Union Bank of India 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 Union Bank of India. Read the original for the full detail.