Indian Bank Faces RBI Penalty on Satna Currency Chest; No Material Impact
Reserve Bank of India has imposed a penalty of ₹1.88 lakh on Indian Bank’s Currency Chest in Satna for soiled note remittance irregularities. Bank says no material impact on operations or profitability.
Chennai: Indian Bank has informed the stock exchanges that the Reserve Bank of India has imposed a monetary penalty of ₹1,88,600 on its Currency Chest at Satna.
The penalty relates to irregularities in soiled note remittance.
In its disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Bank stated that the penalty is linked to routine operational activities. Considering the overall size of the Bank’s operations, the amount does not have any material impact on the Bank or its profitability.
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Source: Official intimation by Indian Bank (Ref No.: ISC/191/2026-27) dated 01 September 2026.
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