Union Bank of India disclosed that the Reserve Bank of India has imposed a monetary penalty of ₹1,28,750 on the bank. The penalty was levied following an inspection that identified deficiencies related to the detection of counterfeit and mutilated currency notes, as well as shortages in currency chest balances. The bank received the order on June 9, 2026, and stated that the financial and operational impact of this penalty is not significant.

The regulatory action was taken under specific provisions concerning the maintenance of currency chests and the handling of notes. The inspection revealed lapses in these operational areas, prompting the monetary penalty. Union Bank of India has confirmed that it has implemented necessary preventive measures to avoid the recurrence of such instances in the future.

Details of the Penalty

The disclosure provided specific details regarding the regulatory action and the nature of the violations found during the inspection.

The bank submitted the disclosure to the exchanges in compliance with Regulation 30(4) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was signed by Ashish Mishra, Company Secretary.

union bank of india has exercised the call option for bond ISIN INE692A08144, scheduled for redemption on June 24, 2026. The bank will redeem the principal amount along with the coupon on the specified date. The bond carries a coupon rate of 7.19% and has an issue size of ₹850 Crores.

The record date for determining the eligibility of bondholders for the redemption payment is June 9, 2026. This disclosure was made pursuant to Regulation 30 and 60(2) of the SEBI (Listing Obligation and Disclosures Requirements) Regulations, 2015.

Bond Details

The notice regarding the exercise of the call option was signed by Ashish Mishra, Company Secretary, on May 30, 2026. A copy of the intimation has been sent to M/s IDBI Trusteeship Services Ltd.