Search For "banking regulation"
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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Banking Regulations Bill passes in Lok Sabha
Updated : 8 years, 9 months ago IST
New Delhi [India], August 3 (ANI): The Banking Regulation (Amendment) Bill 2017, was passed in Lok Sabha on Thursday.
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Jaitley introduces bill to replace Banking Regulation Ordinance in Lok Sab
Updated : 8 years, 9 months ago IST
New Delhi [India], July 24 (ANI): Union Finance Minister Arun Jaitley on Monday introduced a bill to authorise the direct banking companies to resolve the problem of stressed assets.
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Govt. empowerment of RBI to deal with stressed assets was necessary: Jaitl
Updated : 8 years, 9 months ago IST
New Delhi [India], May 5 (ANI): Union Finance Minister Arun Jaitley on Friday said that it was necessary to empower the Reserve Bank of India (RBI) in relation to specific stressed assets, since it was doubtful that whether the language of Section 35 A of the Banking Regulations Act covered
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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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RBI cancels banking license of Sojitra Co-operative Bank for unsatisfactor
Updated : 8 years, 9 months ago IST
New Delhi [India], Feb 15 (ANI): The Reserve Bank of India (RBI) on Wednesday announced the cancellation of license and conversion of the Sojitra Co-operative Bank Ltd., Dist. Anand (Gujarat) under Banking Regulation Act, 1949 (AACS) for unsatisfactory financials and compliance record.
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