The Jammu and Kashmir Bank Limited announced that pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is to intimate that the Reserve Bank of India (RBI) has by an order dated June 22, 2023 (received by the company on June 23, 2023) imposed a monetary penalty of INR 25.0 million on the Bank for non- compliance with certain directions issued by RBI on `Creation of a Central Repository of Large Common Exposures-Across Banks', read with `Central Repository of Information on Large Credits (CRILC) ­ Revision in Reporting', `Loans and Advances ­ Statutory and other Restrictions' and `Time- bound implementation and strengthening of SWIFT-related operational controls'. The penalty has been imposed by the RBI in exercise of powers vested under the provisions of section 47 A (1) (c) read with section 46 (4) (i) of the Banking Regulation Act, 1949.