The RBI in an official statement issued on Monday said that the action is based on a deficiency in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
New Delhi [India], January 27: IRIS Business Services Ltd, a leading provider of SaaS solutions for regulatory compliance and reporting, proudly announces that Anand Padmanabhan, President - IRIS Business LLC, has been elected to the board of XBRL International, further solidifying our commi
Hours after civil aviation regulatory body Directorate General of Civil Aviation (DGCA) fined airline Air India Rs 1.1 crores concerning a safety violation matter, the airline said it disagreed with the order and reserved its right to appeal before the regulator.
Petroleum and Natural Gas Regulatory Board (PNGRB) Chairperson Dr Anil Kumar Jain met the Administrator of the Union Territory of Chandigarh and the Punjab Governor Banwarilal Purohit on Saturday in Chandigarh and briefed the Governor about the progress of oil and gas Infrastructure.
Chairperson, Petroleum and Natural Gas Regulatory Board (PNGRB), Anil Kumar Jain, met Punjab Governor and Administrator of Chandigarh Banwarilal Purohit here, the government said in a release on Sunday.
The UAE has announced plans to develop the first-ever sustainability accreditation framework explicitly for micro, small and medium-sized enterprises (MSMEs). EcoMark Global Accreditation has been designed to boost the competitiveness of MSMEs in the global green economy by streamlining and
Comments and feedback are sought from stakeholders and members of the public by the end of February 2024, through e-mail. The final framework will be issued, taking into account stakeholder and public responses.
The meeting discussed a number of housing issues, including regulatory frameworks, ways to improve the sector, and the UAE's candidacy for the presidency of the General Assembly and membership of the executive office of the United Nations Human Settlements Programme.
Following its formation by the UAE Cabinet in November 2023 and holding of its inaugural meeting last month, the Board of Directors of the Emirates Drug Establishment (EDE) discussed in its second meeting the first 100-day plan for the formation of the new federal body tasked with overseeing
The penalty is a result of the bank's non-compliance with various directives issued by the RBI, including those pertaining to 'Loans and Advances to directors, relatives, and firms/concerns in which they are interested,' 'Placement of Deposits with Other Banks by Primary (Urban) Co-operative
The central bank, through an order dated December 19, 2023, has imposed a monetary penalty of Rs 50,000 on the cooperative bank. This penalty has been levied due to the bank's non-compliance with specific directives issued by the RBI.