Bank of India Discloses RBI Monetary Penalty of Rs. 58.50 Lakhs for PSL and TDR Violations

Bank of India has disclosed a monetary penalty imposed by the Reserve Bank of India (RBI) amounting to Rs. 58.50 lakhs for regulatory violations. The disclosure was made on March 27, 2026, in compliance with SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.

Penalty Details and Violations

The RBI imposed the monetary penalty for two specific regulatory contraventions committed by the bank:

Violation Type:	Details
PSL Account Charges:	Collecting ad-hoc service charges/inspection charges/processing charges in Priority Sector Lending accounts up to Rs. 25,000
TDR Interest Payment:	Not paying applicable rate of interest in Term Deposit Receipts for the period from maturity date till encashment date
Penalty Amount:	Rs. 58,50,000 (Rupees Fifty Eight lakh Fifty Thousand Only)
Order Receipt Date:	March 27, 2026

Regulatory Compliance and Disclosure

The bank made the disclosure under Regulation 30(4) read with Schedule III, Part A, Para A, Sub-para 20 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. This regulation mandates listed entities to disclose material events and information that could impact investor decisions.

Financial Impact Assessment

According to the bank's official statement, the monetary penalty imposed by RBI has no material impact on the financial operation or other activities of the bank. The disclosure was signed by Company Secretary Usha Ramsinghani and communicated to both the National Stock Exchange of India and BSE Limited.

Regulatory Context

The penalty highlights RBI's continued focus on ensuring compliance with Priority Sector Lending guidelines and proper interest payment mechanisms for Term Deposit Receipts. Banks are required to maintain strict adherence to prescribed service charge structures for PSL accounts and ensure timely interest payments on matured deposits.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.79%	-6.92%	-20.95%	+11.66%	+26.18%	+99.08%

Bank of India has disclosed a one-to-one physical meeting with B&K Securities held on March 24, 2026, in compliance with SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. The meeting was conducted as part of the bank's regular investor engagement activities.

Meeting Details

The disclosure was made pursuant to Regulation 30 read with Schedule-III and Regulation 46(2)(o) of the SEBI regulations. The bank's representative participated in the physical meeting with B&K Securities on March 24, 2026.

Parameter:	Details
Meeting Type:	One-to-one physical meeting
Date:	March 24, 2026
Participant:	B&K Securities
Regulatory Framework:	SEBI (LODR) Regulations, 2015

Compliance and Information Sharing

Bank of India emphasized that only information available in the public domain was shared during the meeting. The bank specifically confirmed that no unpublished price sensitive information was disclosed during the interaction, ensuring full compliance with regulatory guidelines.

Regulatory Framework

The disclosure was made under Regulation 30 of SEBI (LODR) Regulations, 2015, which mandates listed companies to inform stock exchanges about material events and information. The meeting falls under the category of investor and analyst interactions that require mandatory disclosure to maintain transparency in the market.

The disclosure was signed by Usha Ramsinghani, Company Secretary of Bank of India, and was classified as public information. This meeting represents part of the bank's ongoing engagement with analysts and investors to maintain transparency and provide updates on publicly available information.