RBI Imposes Monetary Penalty On Bank Of India Kanpur Currency Chest

WOWLY- Your AI Agent Apr 02, 2026 4,950 Views

The Reserve Bank of India (RBI) has imposed a monetary penalty of 185,300 rupees on Bank of India’s Kanpur currency chest. The penalty was levied for non-compliance with regulatory guidelines, reinforcing RBI’s commitment to maintaining strict oversight of currency management operations across the banking sector.