Search For "bank"
RBI imposes monetary penalty on IndusInd Bank
Updated : 3 years, 8 months ago IST
Mumbai (Maharashtra) [India], July 4 (ANI): The Reserve Bank of India (RBI) on Monday said it has imposed a monetary penalty of Rs 1 crore on IndusInd Bank for non-compliance with certain directions related to Know Your Customer (KYC).
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RBI imposes monetary penalty on Kotak Mahindra Bank
Updated : 3 years, 8 months ago IST
Mumbai (Maharashtra) [India], July 4 (ANI): The Reserve Bank of India (RBI) on Monday said it has imposed over Rs 1 crore monetary penalty on Kotak Mahindra Bank Limited for non-compliance with certain directions related to customer protection.
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RBI launches survey on International Trade in Banking Services
Updated : 3 years, 8 months ago IST
Mumbai (Maharashtra) [India], July 4 (ANI): The Reserve Bank of India (RBI) on Monday said it has launched the 2021-22 round of its survey on International Trade in Banking Services (ITBS).
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Sensex snaps 3-day losing run; closes 327 points higher
Updated : 3 years, 8 months ago IST
Mumbai (Maharashtra) [India], July 4 (ANI): Snapping three consecutive sessions of losing run the Indian stock markets' key indices, Sensex and Nifty, rallied on Monday led by strong buying support in FMCG, banking, and financial stocks.
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Sensex reverses losses, trades 113 point higher
Updated : 3 years, 8 months ago IST
Mumbai (Maharashtra) [India], July 4 (ANI): The Indian stock markets' key indices witnessed choppy trading on Monday with the benchmark Sensex, which witnessed selling pressure in the morning, turning positive later in the day helped by good buying support in banking and financial stocks.
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EXPLAINED: Why central banks, including the RBI, raising lending rates agg
Updated : 3 years, 8 months ago IST
New Delhi [India], July 4 (ANI): Countries across the world have been grappling with unprecedented levels of inflation. In the US, the inflation rate has increased by an unparalleled amount of 8.6 per cent in May 2022, reaching a forty-year high.
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Proposed HDFC-Bank merger receives stock exchanges' clearance
Updated : 3 years, 8 months ago IST
New Delhi [India], July 4 (ANI): The proposed merger of HDFC Bank and its parent firm HDFC is another step closer to its amalgamation as the proposal has been accepted by stock exchanges National Stock Exchange and Bombay Stock Exchange, while noting that they have "no objection".
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Depositors are panicking as China's small banks in trouble amid corruption
Updated : 3 years, 8 months ago IST
Beijing [China], July 3 (ANI): Small banks in China are running into trouble as they are accused of crimes, bad loans and excessive risk, due to the failure of Xi Jinping's zero Covid policy.
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Influx of fake US dollar in Afghanistan leaves business owners distressed
Updated : 3 years, 8 months ago IST
Kabul [Afghanistan], July 3 (ANI): Business owners and money exchange dealers in Souther Afghanistan have raised serious concerns over the rising influx of counterfeit US dollars in the country that might disrupt the economy, local media reported.
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ED attaches properties of Chennai store in Rs 234 cr money laundering case
Updated : 3 years, 8 months ago IST
Chennai (Tamil Nadu) [India], July 3 (ANI): Enforcement Directorate (ED) attached immovable properties of M/s Sarvana Stores (Gold Palace) Chennai amounting to Rs 234.75 crore in relation to a money laundering case for defrauding Indian Bank.
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CBI arrests SBI officer for taking bribe to disburse loan under govt schem
Updated : 3 years, 8 months ago IST
New Delhi [India], July 2 (ANI): The Central Bureau of Investigation (CBI) has registered an FIR against a senior bank official and his accomplice for demanding a bribe for disbursing loans under the Chief Minister's scheme to promote budding entrepreneurs in the state.
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Money laundering case: ED attaches 105 assets worth Rs 96.21 cr of Madhuco
Updated : 3 years, 8 months ago IST
New Delhi [India], July 2 (ANI): The Enforcement Directorate (ED) has attached 105 immovable properties and other assets worth Rs 96.21 crore belonging to Madhucon Group of companies and its directors and promoters in a money laundering case against Ranchi Expressway Ltd bank fraud.
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