Canara Bank Share Price in Focus; RBI Imposes ₹1.49 Lakh Penalty Over Currency Chest Violations

Canara Bank has informed the stock exchanges that the Reserve Bank of India (RBI) has imposed a monetary penalty of ₹1,49,450 on the bank in connection with certain irregularities involving its currency chest, as per the exchange filings.  

The bank disclosed the development under Regulation 30 of the SEBI Listing Regulations.  

RBI Imposes ₹1.49 Lakh Penalty 

The penalty relates to CC remittance shortage, mutilated notes in CC remittance and counterfeit currency in CC remittance by a currency chest. The RBI levied the total penalty of ₹1,49,450 on Canara Bank.  

Details of the Violations 

According to the bank's disclosure, the total amount involved in the identified violations comprises: 

• CC Remittance Shortage: ₹1,24,100
• Mutilated Notes in CC Remittance: ₹23,350
• Counterfeit in CC Remittance: ₹2,000 

Together, these amounts total ₹1,49,450, matching the monetary penalty imposed by the RBI.  

Impact Limited to Penalty Amount 

Canara Bank stated that the financial and operational impact of the RBI action is limited to the ₹1,49,450 penalty amount. The bank received the communication from the RBI on August 10, 2026.  

Canara Bank Share Price Performance 

As of August 10, 2026, Canara Bank share price closed at ₹129.00 per share, reflecting a decline of 2.24% from the previous trading session. 

Conclusion 

The RBI's action against Canara Bank relates to specific currency chest-related irregularities, with the financial impact limited to a ₹1.49 lakh penalty. The bank has disclosed the matter to the stock exchanges as required under applicable regulations.  

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