The penalty was slapped on the non-adherence, violation of directions issued under exposure norms and statutory or other restrictions - urban cooperative banks, the central bank said.
With central banks across nations amid an interest rate hike cycle, India performing better than the US, and UK, standing out like an "oasis in this era of uncertainty", says latest study by SBI Research.
The G20 Finance track met on Thursday to discuss global economic and financial issues through meetings of Finance Ministers and Central Bank Governors, their Deputies, and various working group level meetings.
Chennai (Tamil Nadu) [India], December 1 (ANI/BusinessWire India): Today the world's first Token of Appreciation, Soulbound Token, will be issued by Dr K Jayanth Murali IPS, Director General of Police, Idol Wing CID, Tamil Nadu to outstanding members of his team. This is not the first time t
Robust foreign fund inflows into Indian equities, the appreciating Rupee, and hints by the US central bank about the moderating rate of interest hikes supported investors' sentiment.
In order to assist the Afghans in need, the Central Bank of Afghanistan on Tuesday announced that cash assistance of USD 40 million has arrived in Kabul, taking the total amount of humanitarian aid from the international community to the war-torn country to USD 1.673 billion, Khaama Press re
The central bank said this penalty had been imposed in exercise of powers vested in RBI conferred under Banking Regulation Act, 1949, according to a statement of the central bank released on Monday.
According to a statement from RBI, the pilot would cover select locations in closed user group (CUG) comprising participating customers and merchants. The eRs-R would be in the form of a digital token that represents legal tender.
The Singaporean central bank put out a statement on Monday to address misconceptions in the wake of the recent collapse of crypto service provider FTX.