Search For "banking"
RBI imposes Rs.30 million-penalty on Axis Bank
Updated : 8 years 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 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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Budget Session : PNB fraud to dominate proceedings in Parliament
Updated : 8 years ago IST
New Delhi [India], Mar. 05 (ANI): As the second part of the Budget session resumes on Monday, the Opposition parties are likely to corner the Prime Minister Narendra Modi-led government on recently unearthed banking scams.
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ASSOCHAM recommends extension of Aadhaar linkage with bank account
Updated : 8 years ago IST
New Delhi [India], Mar 4. (ANI): In the wake of the banking scams unearthed in the recent past, the ASSOCHAM opined that public sector banks, in particular, may find it challenging to complete the task of linking Aadhaar with the accounts of all customers by March 31, and therefore called fo
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Citi invites fintech startups to disrupt traditional banking
Updated : 8 years ago IST
New York [USA], Mar. 3 (ANI): Financial services multinational giant Citi believes fintech startups today are missing out on major opportunities to disrupt institutional banking and is inviting entrepreneurs to do so.
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Centre directs PSBs to consolidate 35 overseas operations
Updated : 8 years ago IST
New Delhi [India], Mar. 2 (ANI): In the wake of the recent banking scams reported, the government has directed public sector banks (PSBs) to consolidate nearly 35 overseas operations without affecting the banks' international presence in these countries.
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Bank Muscat goes live with TCS BaNCS for fund, investment management
Updated : 8 years ago IST
Mumbai (Maharashtra) [India], Feb 28 (ANI): Leading IT services, consulting and business solutions organisation, Tata Consultancy Services on Wednesday announced that the flagship financial services provider in the Sultanate of Oman, Bank Muscat, has gone live with TCS BaNCS Universal Bankin
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Rs.11Cr Agri credit target achievable next fiscal: Jaitley
Updated : 8 years ago IST
New Delhi [India], Feb 27 (ANI): Union Finance Minister Arun Jaitley opined that the agriculture credit flow target of Rs.11 lakh crore for the Financial Year 2018-19 was achievable by the banking sector.
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Govt. hopeful of achieving agriculture credit flow target by 2022
Updated : 8 years ago IST
New Delhi [India], Feb 26 (ANI): Addressing the National Bank for Agriculture and Rural Development's (NABARD) board on Monday, Union Finance Minister Arun Jaitley said that the agriculture credit flow target of Rs. 11 lakh crore for 2018-19 is achievable by the banking sector.
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FinMin puts out list of high-risk finance companies
Updated : 8 years ago IST
New Delhi [India], Feb 26 (ANI): Financial Intelligence Unit (FIU) on Monday released a list of around 9,500 Non-Banking Financial Companies (NBFCs), which have been categorised as high-risk financial institutions by the Finance Ministry.
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RBI sets April 30 deadline for banks to link CBS with SWIFT
Updated : 8 years ago IST
New Delhi [India], Feb 25 (ANI): In a bid to tighten internal controls in the banks, the Reserve Bank of India (RBI) has asked banks to integrate SWIFT (Society for Worldwide Interbank Financial Telecommunication) with its core banking solutions (CBS) by April 30.
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RBI introduces Ombudsman Scheme for NBFCs
Updated : 8 years, 1 month ago IST
New Delhi [India], Feb 23 (ANI): As announced in its Monetary Policy Statement on February 7, India's central bank, Reserve Bank of India (RBI), on Friday launched the Ombudsman Scheme for Non-Banking Financial Companies (NBFCs).
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