Bank of Baroda fined ₹2.15 Lakh by RBI for Mutilated Notes Classification

Bank of Baroda has disclosed a penalty of ₹2.15 lakh imposed by the Reserve Bank of India (RBI). The penalty is related to the classification of mutilated notes as soiled notes. The bank has stated that this penalty will impact its Profit and Loss statement by the same amount. This disclosure is made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.