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  • Security Code532477
    CompanyUNION BANK OF INDIA
    Exchange Received Time16/07/2019 18:18:08
    Exchange Disseminated Time16/07/2019 18:18:15
    Time Taken00:00:07
     
     
     Disclosure Of Information Under Regulation 30 Of SEBI (LODR) Regulations, 2015 | 7/16/2019 6:18:08 PM 
     1.In compliance with Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, this is to inform that Reserve Bank of India has imposed a penalty of Rs. 1 million on the Bank for failure to ensure compliance with requirements to maintain basic cyber hygiene and security controls as stipulated by RBI extant directions. The penalty has been imposed in exercise of powers vested with RBI under the provisions of Section 47 A(l)(c) read with Section 46(4)(i) of the Banking Regulation Act, 1949.

    2.The amount of the penalty is not material considering the size of the Bank.

    3.The incident of imposition of penalty of Rs.1 million has come to our knowledge on 15.07.2019

    This is for your information and appropriate dissemination.
    		 
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(24) 26 Apr 24|12:54 (IST)