RBI Imposes Monetary Penalty on Bank of India’s Kanpur Currency Chest The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹1,85,300 on Bank of India for irregularities related to shortages, counterfeit notes and mutilated notes in soiled note remittances at its Kanpur Currency Chest. The bank stated that the penalty has no material impact on its financial operations. Read More: https://thekanal.in/en-IN/details/rbi-imposes-monetary-penalty-on-bank-of-indias-kanpur-currency-chest-85873 #banking