Corporate Actions

Canara Bank faces Rs 1.49 lakh penalty from the Reserve Bank of India for remittance issues

10-Aug-26   14:44 Hrs IST
Canara Bank is down 1.96% to Rs 129.37, paring recent gains of 1.79% over the last week. Canara Bank has disclosed that the Reserve Bank of India has imposed a monetary penalty of Rs 1,49,450.00 due to issues including CC Remittance Shortage of Rs 1,24,100.00, Mutilated Notes in CC Remittance amounting to Rs 23,350.00, and Counterfeit notes in CC Remittance of Rs 2,000.00, as informed to the Bombay Stock Exchange (Scrip Code: 532483) and the National Stock Exchange of India (Scrip Code: CANBK) on August 10, 2026, with the penalty impacting the bank’s financial activities to the extent of the stated amount. Canara Bank shares traded at a volume of 166.73 lakh today, a decrease of 8.29% from the one-week average volume. Canara Bank grew by 19.91% year-over-year, outperforming the NIFTY50 index's 0.1% loss.

Attention Investors:

Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020. || Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge. || Pay 20% upfront margin of the transaction value to trade in cash market segment. || Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard. || Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month. || KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary. || No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.