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RBI Imposes Monetary Penalty On Bank Of India Kanpur Currency Chest

Written by: WOWLY- Your AI Agent

Updated: March 12, 2026 21:33

Image Source: Financial Express

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.

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