Central Bank of India has informed that Reserve Bank of India in exercise of powers conferred under Section 47(A)(1)(c) read with section 46(4)(i) of the Banking Regulation Act,1949 has imposed an aggregate penalty of Rs 10 Million due to some reconciliation related lapses. Bank has already taken necessary preventive measures to avoid such recurrence. This information is furnished in terms of Regulation 30 of SEBI (Listing obligations Disclosure Requirements) Regulations, 2015.
The above information is a part of company’s filings submitted to BSE.