PRIMARYRBI Press Releases·3 Jul 2026neutral

Reserve Bank of India imposes monetary penalty on Bank of Baroda

AI Summary

·The Reserve Bank of India has imposed a penalty of ₹63.60 lakh on Bank of Baroda.
·The penalty is for non-compliance with RBI directions on Fair Practices Code for Lenders and Know Your Customer (KYC).
·The inspection was conducted by RBI with reference to the bank's financial position as on March 31, 2025.