State-owned lender Bank of Baroda (BOB) Thursday said the Reserve Bank of India (RBI) has decided to waive the ₹5 crore penalty that was previously imposed on it due to a shortfall in soiled note remittances.
” In continuation to our letter no BCC:ISD:115:16:327 dated 22.12.2023, we advise that Reserve Bank of India (RBI) vide its letter dated 10th January 2024 has waived the penalty of Rs.5 crore imposed on our Bank,” the lender said in a regulatory filing on January 11