Canara Bank faces ₹7.30 lakh RBI penalty over ATM cashout

Legal
Banks

Blacklitt Research29 October 20262 min read

A hand entering a PIN on an ATM keypad. — Photo by Gizem Nikomedi on Unsplash (Unsplash License). Illustrative image.

Canara Bank (NSE: CANBK) has disclosed that the Reserve Bank of India (RBI) imposed monetary penalties totalling ₹7.30 lakh on it for ATM cashout, it said in a filing on 29 Oct 2026. The penalties cover 47 ATMs in Karnataka and 26 ATMs in Tamilnadu.

Penalties for ATM cashout in two states

The RBI imposed a penalty of ₹4.70 lakh on the Bank for ATM cashout at 47 ATMs operating in Karnataka. A second penalty of ₹2.60 lakh was imposed for ATM cashout at 26 ATMs operating in Tamilnadu.

The total of both penalties is ₹7.30 lakh, as the Bank states. The direction or order was received on 29 Oct 2026, and the violation is described as ATM cashout.

What the filing says about impact

The Bank states that the impact on its financial, operational or other activities, quantifiable in monetary terms, is limited to the amount of the penalty, which is ₹7.30 lakh.

The impact statement sits under the filing's fifth item, which asks for the effect on financial, operation or other activities, so the penalty amount is the only figure the filing gives for it.

The Bank's latest reported quarter

The Bank's latest quarter, Q2 FY27 on a consolidated basis, shows total income of ₹40,938.80 crore, down 2.6% year on year, and net profit of ₹5,182.03 crore, up 6.5%.

This article draws no link between these results and the penalty.

What the RBI penalty means for Canara Bank's shareholders

The only amount the filing puts on the impact is the ₹7.30 lakh penalty. Neither the cause of the cashout, the RBI rule that applies nor any appeal is set out in the disclosure.

At a glance

Item	Detail
Authority	Reserve Bank of India
Penalty, Karnataka (47 ATMs)	₹4.70 lakh
Penalty, Tamilnadu (26 ATMs)	₹2.60 lakh
Total penalty	₹7.30 lakh
Order received	29 Oct 2026
Violation	ATM cashout

Reference: Original filing (PDF)

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Canara Bank faces ₹7.30 lakh RBI penalty over ATM cashout

Penalties for ATM cashout in two states

What the filing says about impact

The Bank's latest reported quarter

What the RBI penalty means for Canara Bank's shareholders

At a glance

Sign up to continue reading

Disclaimer:

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Canara Bank faces ₹7.30 lakh RBI penalty over ATM cashout

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