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RBI imposes penalty on four banks for non-compliance of KYC/AML rules
Updated : 6 years, 8 months ago IST
Mumbai (Maharashtra) [India], July 3 (ANI): The Reserve Bank of India (RBI) has imposed a penalty of Rs 1.75 crore on four public sector banks for non-compliance with KYC requirement and norms for opening of current accounts.
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Finance Minister Sitharaman to address RBI central board on July 8
Updated : 6 years, 8 months ago IST
New Delhi [India], July 2 (ANI): Finance Minister Nirmala Sitharaman will address the Reserve Bank of India's (RBI's) central board of directors in a customary post-budget meeting on July 8.
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Centre extends RBI Deputy Governor Vishwanathan's tenure by a year
Updated : 6 years, 8 months ago IST
New Delhi [India], July 1 (ANI): The Centre on Monday extended the tenure of Reserve Bank of India (RBI) Deputy Governor N S Vishwanathan by one year.
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Current account deficit narrows to $4.6 billion in Q4 FY19: RBI
Updated : 6 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 28 (ANI): India's current account deficit (CAD) totalled 4.6 billion dollars or 0.7 per cent of the GDP in the fourth quarter (January to March) of 2018-19, the Reserve Bank of India (RBI) said on Friday.
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RBI issues clarifications on data localisation circular
Updated : 6 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 27 (ANI): The Reserve Bank of India (RBI) has issued clarifications on certain implementation issues sought by payment system operators on the data regulations.
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RBI advises banks to accept coins of all denominations
Updated : 6 years, 9 months ago IST
New Delhi [India], June 27 (ANI): The Reserve Bank of India (RBI) has advised all banks to immediately direct all their branches to accept coins of all denominations.
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Cong MPs from Kerala protest over farmer issues outside Parliament
Updated : 6 years, 9 months ago IST
New Delhi [India], Jun 25 (ANI): Congress MPs from Kerala on Tuesday held a protest over farmer issues at the Mahatma Gandhi statue outside Parliament House.
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RBI introduces 'Complaint Management System'
Updated : 6 years, 9 months ago IST
New Delhi [India], June 24 (ANI): Reserve Bank of India (RBI) Governor Shaktikanta Das on Monday launched "Complaint Management System (CMS)", a software application to facilitate RBI's grievance redressal processes.
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Dy Governor Viral Acharya resigns due to unavoidable personal circumstance
Updated : 6 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 24 (ANI): Reserve Bank of India (RBI) Deputy Governor Viral Acharya has resigned six months before the scheduled end of his term "due to unavoidable personal circumstances," said the central bank on Monday.
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RBI Dy Governor Viral Acharya resigns 6 months before term ends
Updated : 6 years, 9 months ago IST
New Delhi [India], Jun 24 (ANI): Reserve Bank of India (RBI) Deputy Governor Viral Acharya has resigned six months before the scheduled end of his term, reports said on Monday.
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RBI penalises HDFC Bank for violating KYC norms
Updated : 6 years, 9 months ago IST
Mumbai (Maharashtra) [India], Jun 19 (ANI): The Reserve Bank of India (RBI) has imposed a fine of Rs one crore on private sector lender HDFC Bank for violation norms relating to know-your-customer (KYC), anti-money laundering and reporting of frauds.
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Slowdown in agriculture, manufacturing may pull GDP down to 6.6 pc: Fitch
Updated : 6 years, 9 months ago IST
London [Britain], June 18 (ANI): Global rating agency Fitch Ratings has cut forecast for India's gross domestic product (GDP) growth to 6.6 per cent for the current fiscal 2019-20, from 6.8 per cent projected three months ago, largely due to persistent slowdown in manufacturing and agricultu
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