Bank of Baroda Fined

The Reserve Bank of India has imposed a penalty of Rs 63.60 lacs on Bank of Baroda for *compliance lapses*. The bank has submitted the information to BSE Ltd and National Stock Exchange of India Ltd for public dissemination. The penalty is due to non-compliance with regulatory requirements. Some key points to note:
- The penalty is for non-compliance with regulatory requirements
- The bank will take necessary steps to improve its compliance
- The information has been submitted to BSE Ltd and National Stock Exchange of India Ltd for public dissemination