Canara Bank informed the stock exchanges on August 10, 2026, that the Reserve Bank of India had imposed a monetary penalty of Rs 1,49,450 on the public sector lender. The Canara Bank RBI penalty was disclosed in a regulatory filing submitted to BSE and the National Stock Exchange under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

According to the filing, the action relates to a currency chest remittance shortage, mutilated notes found in a currency chest remittance, and counterfeit currency detected in a currency chest remittance. Canara Bank said it received the RBI's direction or order on August 10.

How the RBI penalty was calculated

The bank provided a category-wise breakdown of the monetary penalty in its exchange disclosure:

Issue cited in the filing Penalty amount
Currency chest remittance shortage Rs 1,24,100
Mutilated notes in currency chest remittance Rs 23,350
Counterfeit currency in currency chest remittance Rs 2,000

These three components together account for the total penalty of Rs 1,49,450 disclosed by Canara Bank. The RBI was identified as the authority that levied the penalty.

Financial impact limited to penalty amount

Canara Bank stated that the impact on its financial, operational or other activities is limited to the monetary value of the penalty, quantified at Rs 1,49,450. The filing did not disclose any additional financial or operational impact arising from the action.

The disclosure was signed by Company Secretary Santosh Kumar Barik and addressed to BSE and NSE. Canara Bank shares are listed under BSE scrip code 532483 and NSE symbol CANBK. The filing was made pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI LODR Regulations.

Source: BSE corporate announcement.