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Union Bank Of India - Disclosure Of Information Under Regulation 30 Of SEBI (LODR) Regulations, 2015

| Updated on July 16, 2019 Published on July 16, 2019

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.

Pdf Link: Union Bank Of India - Disclosure Of Information Under Regulation 30 Of SEBI (LODR) Regulations, 2015

Source : BSE - www.bseindia.com

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Published on July 16, 2019
Union Bank of India
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