Bank
RBI imposes monetary penalty on Union Bank of India
However, the Bank has specified that it will not have any significant impact on the financial operations of the organization.
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Mumbai, 10 September 2025: The Reserve Bank of India imposed a monetary penalty of Rs 1.65 lakh on state-owned Union Bank of India on 09.09.2025. The reasons cited for the action are deficiencies observed in shortage, counterfeit, and mutilated soiled note remittance; non-conduct of surprise verification; ATM cash out; and CCTV-related issues during inspection.
However, the Bank has specified that it will not have any significant impact on the financial operations of the organization.
Shares of Union Bank of India are, however, trading at Rs 132.48, up by 4.12% at BSE.