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Union Bank of India Limited ( (IN:UNIONBANK) ) has provided an announcement.
Union Bank of India announced that the Reserve Bank of India has imposed a penalty of ₹9,10,250 due to deficiencies related to mutilated notes, soiled note remittance, and ATM cash out. The bank has stated that the financial impact of this penalty is not significant and it has implemented preventive measures to avoid future occurrences.
More about Union Bank of India Limited
Union Bank of India is a prominent financial institution in India, providing a range of banking services including retail banking, corporate banking, and treasury operations. The bank focuses on serving a diverse customer base across the country, offering products such as loans, deposits, and investment services.
YTD Price Performance: 4.34%
Average Trading Volume: 445,366
Current Market Cap: 980.9B INR
For a thorough assessment of UNIONBANK stock, go to TipRanks’ Stock Analysis page.