Search For "banking regulation act"
RBI to study SEBI proposal on banks' foray into non-Agri derivatives: Gove
Updated : 6 months ago IST
Reserve Bank of India Governor Sanjay Malhotra on Friday said the central bank will study the pros and cons of the markets regulator Securities and Exchange Board of India's (SEBI) proposal that observed that the banks be allowed to foray into non-agricultural derivatives.
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FM Nirmala Sitharaman to move Banking Laws (Amendment) Bill in Lok Sabha t
Updated : 1 year, 6 months ago IST
As per the schedule issued by the secretariat, Sitharaman is expected to move the Bill further to amend the Reserve Bank of India Act, 1934, the Banking Regulation Act, 1949, the State Bank of India Act, 1955, the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 and
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Finance Minister introduces Banking Laws (Amendment) Bill in Lok Sabha
Updated : 1 year, 9 months ago IST
The bill provides for amending the Reserve Bank of India Act, 1934, Banking Regulation Act 1949, State Bank of India Act, 1955, Banking Companies (Acquisition and Transfer of Undertakings) Act 1970, and Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980.
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Nirmala Sitharaman to introduce new bills to amend banking laws in Lok Sab
Updated : 1 year, 9 months ago IST
As the Parliament convenes for the ongoing Budget Session on Friday, Union Finance Minister Nirmala Sitharaman will introduce new Bills including the Banking Laws (Amendment) Bill, 2024 to amend the Reserve Bank of India Act, the Banking Regulation Act and the State Bank of India Act among o
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RBI imposes monetary penalty on Yes Bank and ICICI Bank
Updated : 2 years ago IST
The Reserve Bank of India (RBI) has imposed monetary penalty on Yes Bank and ICICI Bank for non-compliances with certain directions issued by it.
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RBI imposes monetary penalty on IDFC First Bank for non-compliance with di
Updated : 2 years, 1 month ago IST
The penalty has been imposed in the exercise of powers vested in RBI under the Banking Regulation Act, of 1949
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RBI imposes monetary penalty on State Bank of India, Canara Bank
Updated : 2 years, 3 months ago IST
The Reserve Bank of India (RBI) has imposed a monetary penalty on State Bank of India and Canara Bank under relevant section of the Banking Regulation Act.
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RBI gives 15 days relaxation to Paytm Payments bank, says Paytm QR, soundb
Updated : 2 years, 3 months ago IST
"Keeping in view the interest of customers (including merchants) of PPBL who may require a little more time to make alternative arrangements and the larger public interest, the following Directions are issued by the Reserve Bank of India under section 35A of the Banking Regulation Act, 19
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RBI levies Rs 2 lakh penalty on Halol Urban Co-operative Bank for regulato
Updated : 2 years, 4 months ago IST
The penalty is a result of the bank's non-compliance with various directives issued by the RBI, including those pertaining to 'Loans and Advances to directors, relatives, and firms/concerns in which they are interested,' 'Placement of Deposits with Other Banks by Primary (Urban) Co-operative
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RBI levies Rs 7 lakh penalty on Navsarjan Industrial Co-operative Bank for
Updated : 2 years, 4 months ago IST
According to RBI, this penalty, enacted through an order dated December 14, 2023, has been imposed due to the bank's non-compliance with RBI directives on 'Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs),' 'Reserve Bank of India (Know Your Customer (KYC))
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RBI imposes Rs 3 lakh penalty on Mehsana Jilla Panchayat Karmachari Co-ope
Updated : 2 years, 4 months ago IST
According to RBI, the penalty, dated December 13, 2023, has been enforced due to the bank's non-compliance with RBI directives concerning the 'Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs)' and violations of Section 26A(2) read with Section 56 of the Ban
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RBI imposes monetary penalty on Sangli Sahakari Bank Limited, Mumbai
Updated : 2 years, 6 months ago IST
The penalty has been imposed in the exercise of powers conferred on RBI under the provisions of the Banking Regulation Act, 1949
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