Search For "banking regulation act"
LS passes bill to amend Banking Regulation Act, Sitharaman says legislatio
Updated : 5 years, 8 months ago IST
New Delhi [India], September 16 (ANI): Lok Sabha on Wednesday passed a bill that seeks to address the potential disruptions in the financial system by providing for the Reserve Bank of India to prepare a scheme for reconstruction or amalgamation of the banking company without the necessity o
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Lok Sabha takes up bill to amend Banking Regulation Act
Updated : 5 years, 8 months ago IST
New Delhi [India], September 16 (ANI): The Lok Sabha on Wednesday took up for consideration a bill to address the potential disruptions in the financial system by providing for the Reserve Bank of India to prepare a scheme for reconstruction or amalgamation of the banking company without the
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ICICI Bank gets exemption for over 30 pc shareholding in two insurance arm
Updated : 5 years, 8 months ago IST
Mumbai (Maharashtra) [India], September 15 (ANI): Private sector lender ICICI Bank has been exempted from provisions of the Banking Regulation Act relating to shareholding above 30 per cent in its two insurance subsidiaries.
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RBI imposes penalty of Rs 4 cr on Citibank
Updated : 6 years ago IST
New Delhi [India], May 30 (ANI): The Reserve Bank of India (RBI) on Friday said that it has imposed a monetary penalty of Rs 4 crore on Citibank for the contravention of Section 10 (1) (b) (ii) of Banking Regulation Act, 1949 (the Act).
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RBI imposes penalty on United Overseas Bank Limited
Updated : 6 years, 8 months ago IST
New Delhi [India], Oct 3 (ANI): Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1 crore on United Overseas Bank Limited (UOB) for its failure to comply with the provisions of Section 10B of the Banking Regulation Act, 1949.
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Decision on PMC bank important for compliance: MoS Finance Anurag Thakur
Updated : 6 years, 8 months ago IST
New Delhi [India], Sept 25 (ANI): Minister of State for Finance Anurag Thakur on Wednesday said that RBI's decision on the Punjab and Maharashtra Cooperative Bank (PMC Bank) to ensure compliance was necessary but steps should be taken so that the stakeholders are not inconvenienced.
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RBI slaps Rs.3 Cr monetary penalty on IDBI bank
Updated : 8 years, 1 month ago IST
Mumbai (Maharashtra) [India], Apr. 12 (ANI): The Reserve Bank of India (RBI) imposed monetary penalty worth Rs. 3 crore on IDBI Bank for not complying with the outlined norms related to reporting of bad loans.
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RBI imposes monetary penalty worth Rs 58.9 crore on ICICI Bank
Updated : 8 years, 2 months ago IST
New Delhi [India], Mar 29 (ANI): In a rare move, The Reserve Bank of India (RBI) on Thursday imposed monetary penalty worth Rs. 58.9 crore on ICICI Bank, the country's biggest private bank, for failing to abide by rules on the sale of bonds in the held-to-maturity (HTM) category.
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RBI imposes Rs.30 million-penalty on Axis Bank
Updated : 8 years, 3 months ago IST
Mumbai (Maharashtra) [India], Mar. 5 (ANI): The Reserve Bank of India (RBI) imposed a monetary penalty worth Rs. 30 million on Axis Bank Limited (the bank) for non-compliance with the directions issued on Income Recognition and Asset Classification (IRAC) norms.
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RBI charges fine on IOB over non-compliance with KYC norms
Updated : 8 years, 3 months ago IST
Mumbai (Maharashtra) [India], Mar. 5 (ANI): The Reserve Bank of India (RBI) imposed a monetary penalty of Rs.20 million on Indian Overseas Bank for non-compliance with the directions issued by the former regarding Know Your Customer (KYC) norms.
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Centre notifies new Banking Regulation Act
Updated : 8 years, 9 months ago IST
New Delhi [India], May 5 (ANI): The Narendra Modi-led government on Friday notified the ordinance to amend the Banking Regulation Act, empowering the Reserve Bank of India (RBI) and banks to initiate bankruptcy proceedings against chronic defaulters.
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RBI issues directions on Alwar Urban Co-operative Bank
Updated : 8 years, 9 months ago IST
New Delhi [India], Mar 9 (ANI): The Reserve Bank of India on Thursday notified an issue to Alwar Urban Co-operative Bank under sub-section (1) of Section 35A of the Banking Regulation Act, restricting the bank to grant or renew any loans and advances, make any investment, incur any liability
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