INDIANBANK : IMPOSITION OF MONETARY PENALTY ON THE BANK BY RESERVE BANK OF INDIA ON BANK'S CURRENCY CHEST- SATNA

• Reserve Bank of India (RBI) has imposed a penalty of ₹1,88,600.00 on Bank's Currency Chest- Satna for soiled Note remittance irregularities. • The penalty is related to routine operational activities of the Bank. • The penalty does not have any material impact on the Bank and its profitability. Impact: Neutral (Monetary penalty on currency chest for operational irregularities.)

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