RBI Slaps ₹38.60 Lakh Penalty on UCO Bank for Regulatory Non-Compliance
Kolkata, February 20, 2026: UCO Bank has informed stock exchanges that the Reserve Bank of India (RBI) has imposed a monetary penalty of ₹38.60 lakh on the bank for non-compliance with certain regulatory directions.
The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Reason for Penalty
According to the bank’s filing, the penalty has been levied for non-compliance with specific RBI directions related to:
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Periodicity of payment of interest on savings deposits
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Locker rent norms
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Credit information reporting in respect of Self Help Group (SHG) members
The action follows the Statutory Inspection for Supervisory Evaluation (ISE 2025) conducted by RBI with reference to the bank’s financial position as on March 31, 2025.
Penalty Details
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Penalty Amount: ₹38.60 lakh
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Type of Communication: Speaking Order issued by RBI
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Date of Receipt: February 20, 2026
UCO Bank stated that the financial impact of the penalty is non-material.
Bank’s Response
The bank said it has taken necessary preventive measures to strengthen internal processes and ensure that such instances do not recur in the future.
In its regulatory filing, the bank confirmed that the information disclosed is true, correct and complete to the best of its knowledge and belief.