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India’s central bank imposes ₹1 crore penalty on the country’s biggest lender

The RBI said that “a scrutiny was carried out” in one of the customer accounts. The central bank…

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2 mins read

Indian banks get a six-month breather to comply with RBI's new framework for auto-debit payments

The Reserve Bank of India (RBI) has extended the deadline for banks in India to comply with its new…

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3 mins read

Prashant Bhushan files fresh plea in Supreme Court seeking review contempt case punishment

Bhushan, who has already deposited Re 1 as fine with the apex court's registry on September 14, has…

PTI   


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Sebi fines Muthoottu Mini Financiers for misleading advertisements

"Using the names of the regulators tends to impart a sense of security amongst the investors and th…

PTI   


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RBI decides to fine tune gold monetisation scheme after lukewarm response

Till November 18, the gold monetisation scheme had garnered 400 grams of physical gold. The country…

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3 mins read

Lending from CRR buffer to get 5-yr exemption: RBI

At the sixth bimonthly monetary policy on February 6, the RBI had said, "Banks can deduct the equi…

PTI   


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RBI to infuse Rs 1 lakh crore through term repo auction

"The Reserve Bank is monitoring the evolving financial market conditions. The Reserve Bank will ca…

PTI   


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Delhi High Court dismisses actor Juhi Chawla's plea against 5G implementation in India, slaps ₹20 lakh fine

The Delhi High Court on Friday dismissed the lawsuit filed by actor-environmentalist Juhi Chawla ag…

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A Mets player got hit in the face by a 94mph pitch to force in a key run, then celebrated his RBI from the hospital

Mets outfielder Kevin Pillar was hit in the face with the bases loaded on Monday night, in a harrow…

Jackson Thompson   


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Delhi govt to hike fines to ₹2,000 for not wearing masks, reserves 80% of ICU beds for COVID-19 patients

Private hospitals have also been directed to increase the percentage of non-ICU COVID-19 beds …

PTI   


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3 mins read

PNB fraud: Sebi imposes Rs 5-cr fine on Mehul Choksi, others

Highlighting Choksi's and Sheth's responsibility in making disclosures, Sebi said "instead of fulf…

PTI   


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3 mins read

Leading private banks won't support auto-debit payments from April 1 because they need more time to comply with RBI's new mandate

Your automatic recurring payments may not go through starting today. This is because banks aren’t r…

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2 mins read

Yes Bank is denying reports that its new CEO Ravneet Gill is getting rid of its top brass.

Yes Bank is denying reports that its new CEO Ravneet Gill is getting rid of its top brass. A Mint…

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4 mins read

Yes Bank's 15-month journey from regulatory crackdown to finding a new CEO

Gill’s appointment caps a tumultuous period for Yes Bank, following a clampdown by India’s c…

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1 min read

RBI likely to hold interest rates, thanks to excess liquidity

The excess liquidity has resulted in the growth being at its slowest pace in two years, inflat…

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1 min read

Holding banned notes? Get ready to pay Rs 10,000

With the law coming into force, possession of more than 10 pieces of the old notes by individuals a…

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2 mins read

Urjit Patel writes to employees, asks them to protect RBI’s reputation

Post-note ban announcement, the RBI in general and Patel in particular, were also criticised by Opp…

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1 min read

You won't be jailed, but 'heavily penalised' for holding demonetised notes after March 31

The government order stated that penalty for holding scraped notes in excess of 10 notes may attrac…

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Possessing old Rs 500 and Rs 1,000 notes after March 31 will land you in jail

The penalty for holding old currency in excess of 10 notes may include financial fines and a jail t…