RBI Imposes Rs 7.3 Lakh Monetary Penalty on Canara Bank Over ATM Cashouts at 73 ATMs in Karnataka and Tamil Nadu:
The RBI has imposed a total penalty of Rs 7.3 lakh on Canara Bank over ATM cashouts at 73 ATMs across Karnataka and Tamil Nadu.
RBI Fines Canara Bank Rs 7.3 Lakh
Vanshika verma
Oct 30, 2026
The Reserve Bank of India (RBI) has imposed a total monetary penalty of Rs 7.3 lakh on Canara Bank due to ATM cashouts at 73 ATMs across Karnataka and Tamil Nadu.
The penalty includes Rs 4.7 lakh for cashouts at 47 ATMs in Karnataka and Rs 2.6 lakh for cashouts at 26 ATMs in Tamil Nadu. The bank received the RBI's communication regarding the penalties on October 29, 2026.
Canara Bank informed the stock exchanges about the development under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The bank stated that the financial impact of the RBI's action is limited to the penalty amount of Rs 7.3 lakh
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Vanshika verma
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