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RBI imposes monetary penalty of Rs 1.49 lakh on Canara Bank

10 Aug 2026 Evaluate

The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1.49 lakh on Canara Bank on August 10, 2026 on account of CC Remittance Shortage, Mutilated Notes in CC Remittance, Counterfeit in CC Remittance by Currency Chest. 

Canara Bank is an Indian state-owned bank headquartered in Bangalore, in Karnataka. It was established at Mangalore in 1906, making it one of the oldest banks in the country.


Peers
Company Name CMP
State Bank Of India 957.00
PNB 120.35
Bank Of Baroda 231.00
Canara Bank 116.40
Union Bank Of India 178.50
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