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2 mins read
RBI slaps fine of Rs 2.91 crore on Axis Bank and HDFC Bank: All details
The Reserve Bank of India has fined Axis Bank and HDFC Bank a total of ₹2.91 crore for regulatory l…
2 mins read
RBI slaps fines on Axis Bank, Manappuram Finance
The Reserve Bank on Thursday imposed a monetary penalty of Rs 90.92 lakh on Axis Bank and Rs 42.78 …
PTI
2 mins read
What has changed for your credit cards, starting today?
Starting today, RBIs new rules mandate that all credit card transactions in the country be processe…
1 min read
RBI issues omnibus framework for recognising SROs for regulated entities
The Reserve Bank on Thursday issued an omnibus framework for recognising Self-Regulatory Organisati…
PTI
1 min read
RBI slaps ₹26 lakh penalty on Nutan Nagarik Sahakari Bank
This action of the central bank is based on a deficiency in regulatory compliance and is not intend…
ANI
3 mins read
FIU imposes over Rs 1.66 crore fine on Axis Bank for failing to detect fraud NSG account
The Financial Intelligence Unit has slapped a fine of more than Rs 1.66 crore on Axis Bank for "fai…
PTI
1 min read
RBI imposes penalties on nine cooperative banks for violating compliances
Those banks are The Berhampur Cooperative Urban Bank, The Kendrapara Urban Co-operative Bank , The …
ANI
3 mins read
RBI likely to maintain status quo after food inflation keeps Feb print high, say experts
In February, retail inflation came in on expected lines at 5.09%. However, high vegetable inflation…
1 min read
Ola fined by RBI for failing to comply with its KYC norms
The Reserve Bank of India (RBI) on Tuesday fined Ola Financial Services Private Ltd over Rs 1.67 cr…
1 min read
RBI penalties on banks, NBFCs add up to Rs 40.39 crore for 2022-23
The Reserve Bank of India (RBI) has imposed penalties to the tune of Rs 40.39 crore on banks, non-b…
3 mins read
Not comfortable with NPAs in urban co-op banks says RBI, asks lenders to focus on governance
RBI Governor Shaktikanta Das on Monday said the central bank is "not comfortable" with the gross no…
PTI
3 mins read
RBI's MPC 'decisively' in a rate-pause mode as inflation cools down
The Reserve Bank of India’s Monetary Policy Committee (MPC) sprung a surprise by pausing rate hikes…
1 min read
RBI imposes Rs 2.5 crore penalty on Bajaj Finance, Pune
There were also persistent/repeat complaints about recovery and collection methods adopted by…
PTI
1 min read
SC sends former promoters of Fortis Healthcare to six months jail
The Supreme Court on Thursday sentenced former Ranbaxy promoters Malvinder Singh and Shivinder Sing…
2 mins read
SBI Ecowrap revises FY23 annual GDP growth rate projection to 6.8%
"The downward revision is mostly to do with our Q1GDP estimate that was at 15.7 per cent," the r…
2 mins read
Karnataka Bank, Bank of India and Saraswat Bank get fined by the RBI for hiding bad loans
The Reserve Bank of India (RBI) has imposed a penalty on three banks for not complying with the reg…
1 min read
Kotak Mahindra Bank has lost nearly half a billion dollars in market cap after the billionaire promoter was fined by the RBI
Kotak Mahindra Bank's shares were among the list of top losers on the Nifty on Monday, when the m…
1 min read
RBI slaps Rs 5 lakh fine on UCO Bank for violating govt bond holding norms
A subsidiary general ledger (SGL) account is maintained with the RBI for holding government securit…
PTI
1 min read
RBI imposes Rs 25 lakh fine on Andhra Bank for violating KYC, AML norms
Mumbai, Dec 5 () The Reserve Bank on Thursday imposed a fine of Rs 25 lakh on Andhra Bank for non-c…
PTI
1 min read
RBI slaps Rs 2.50 cr fine on BoB for violating directions on Bihar NGO
New Delhi, Nov 19 () Bank of Baroda on Tuesday said the RBI has imposed Rs 2.50 crore fine for non-…