IndusInd Bank Limited has been penalized ₹2,03,000 by the Reserve Bank of India (RBI) due to discrepancies found in a Soiled Note Remittance (SNR). The penalty was levied on the bank's Currency Chest in Chennai. The RBI's action is in accordance with the Master Direction DCM (CC) No. G -1/03.44.01/2025 -26, specifically para 2.i, ii & iii, concerning penalties for bank branches and currency chests. The contravention pertains to discrepancies detected during the examination of soiled notes received in a remittance dated September 30, 2025. The bank received the RBI's directive or order on January 27, 2026. The financial impact of this penalty is quantified at ₹2,03,000. IndusInd Bank has also uploaded this intimation on its official website.
