Canara Bank informed the Stock Exchanges that the Reserve Bank of India (RBI) has imposed a monetary penalty of INR 249,658.00 on the Bank for Delayed Reporting by Currency Chest. Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority June 6, 2026. Details of the violation: Delayed Reporting by Currency Chest.
Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible Only to the extent of the amount of penalty that is INR INR 249,658.
Canara Bank Limited (the Bank) is an India-based bank. The Bank’s segments include Treasury Operations, Retail Banking Operations, Wholesale Banking Operations, Life Insurance Operations and Other Banking Operations. Its Retail Banking Operations include Digital Banking and Other Retail Banking. It provides a range of personal banking services to individuals. The Bank also offers investment opportunities through mutual funds and insurance products. It provides various loans, such as home loans, vehicle loans, education loans, personal loans, mortgage loans, gold loans, MSME loans, corporate loans, Agri loans, and solar loans. It provides various deposits, such as savings account, current account, term deposits, online account opening, Canara crest and capital gain account. It also focused on agriculture, education, housing, social infrastructure, renewable energy, microcredit, and lending to vulnerable sections of society and specified minority communities.
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