Bank of India has disclosed that the Reserve Bank of India has imposed a monetary penalty of Rs. 1,85,300 on its Kanpur Currency Chest for regulatory violations. The bank made this disclosure on March 12, 2026, in compliance with SEBI regulations regarding material events.

Penalty Details

The regulatory action taken by RBI involves specific violations at the bank's currency chest operations. The penalty details are as follows:

Nature of Violations

The penalty was imposed for violations related to currency handling operations. The specific nature of contraventions includes:

• Shortage in soiled note remittance
• Issues related to counterfeit notes handling
• Problems with mutilated notes processing

These violations pertain to the bank's currency chest operations, which are critical components of the banking system's cash management infrastructure.

Financial Impact Assessment

Bank of India has assessed the financial implications of this regulatory penalty. According to the bank's disclosure, the monetary penalty imposed by RBI has no material impact on the financial operations or other activities of the bank. This assessment suggests that the penalty amount is not significant enough to affect the bank's overall financial performance or operational capabilities.

Regulatory Compliance

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation requires listed companies to disclose material events and information that could impact investor decisions. The bank's prompt disclosure demonstrates its commitment to maintaining transparency with stakeholders and regulatory compliance.

Bank of India has successfully completed its participation in the Bharat Connect Conference organized by Arihant Capital as a virtual investor summit on March 10, 2026. The bank had previously announced its participation through a regulatory disclosure dated March 05, 2026.

Event Completion and Investor Participation

The virtual investor conference was conducted at 3:00 PM on March 10, 2026, with significant participation from institutional investors and financial services firms. The bank issued a follow-up regulatory disclosure under reference number HO:IRC:SVM:2025-26:444, providing details of the completed event.

Institutional Investor Attendance

The virtual meeting witnessed participation from a diverse range of institutional investors and financial services companies. Notable participants included established investment management firms, family offices, and advisory services.

Regulatory Compliance and Information Sharing

Bank of India maintained strict adherence to regulatory guidelines during the investor interaction. The bank referred exclusively to publicly available documents for all discussions during the meeting, ensuring compliance with SEBI regulations regarding information disclosure.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, maintaining transparency standards with stock exchanges.

Corporate Governance Framework

The regulatory communication was signed by Usha Ramsinghani, Company Secretary of Bank of India, with digital signature applied on March 10, 2026, at 18:12:31 +05'30'. The disclosure bears the official circular stamp of the Bank of India Investor Relations Cell, Mumbai, ensuring authenticity and regulatory compliance.

This successful completion of the virtual investor summit demonstrates the bank's commitment to maintaining transparent investor relations while adhering to strict regulatory compliance and corporate governance standards.