Bank of Baroda has disclosed receiving a penalty of Rs 1,00,000 from the Reserve Bank of India for operational non-compliance related to soiled note remittance. The penalty disclosure was made on March 13, 2026, in compliance with regulatory requirements under the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.

Penalty Details

The Reserve Bank of India imposed the penalty following the discovery of shortage of notes in soiled note remittance during preliminary verification procedures. The bank received the penalty order on March 12, 2026.

Financial Impact

The penalty will have a direct impact on the bank's financial performance, with the profit and loss statement being affected by the penalty amount of Rs 1,00,000. This represents the quantifiable monetary impact of the regulatory action on the bank's operations.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI (LODR) Regulations 2015. Bank of Baroda communicated this information to both the Bombay Stock Exchange and the National Stock Exchange of India on March 13, 2026, fulfilling its obligation to keep stakeholders informed about material developments.

The bank's Company Secretary S Balakumar signed the disclosure document, ensuring proper authorization and compliance with corporate governance requirements. The timely disclosure demonstrates the bank's commitment to maintaining transparency with investors and regulatory authorities regarding operational matters that may impact its financial position.

Bank of Baroda has announced its decision to maintain the Marginal Cost of Funds Based Lending Rate (MCLR) unchanged across all tenors, effective March 12, 2026. The announcement was made through a regulatory filing pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015.

MCLR Rate Structure Remains Stable

The bank has kept its MCLR rates unchanged across all tenor categories following its periodic review. The decision reflects the bank's current assessment of funding costs and prevailing market conditions.

Rate Structure Analysis

The MCLR structure shows a progressive increase with tenor length, ranging from 7.80% for overnight lending to 8.70% for one-year tenor. The overnight rate remains the lowest at 7.80%, while the one-month tenor is marginally higher at 7.90%. The three-month tenor stands at 8.15%, followed by the six-month tenor at 8.45%.

Regulatory Compliance

The announcement was communicated to both BSE Limited and National Stock Exchange of India Limited as part of the bank's regulatory disclosure obligations. The communication was signed by S Balakumar, Company Secretary, and dated March 10, 2026. This disclosure ensures transparency in the bank's lending rate policies and keeps stakeholders informed about any changes in the cost of borrowing.