Search For "reserve bank of india rbi"
RBI imposes penalty on United Overseas Bank Limited
Updated : 6 years, 9 months ago IST
New Delhi [India], Oct 3 (ANI): Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1 crore on United Overseas Bank Limited (UOB) for its failure to comply with the provisions of Section 10B of the Banking Regulation Act, 1949.
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RBI enhances withdrawal limit for PMC Bank depositors to Rs 25,000
Updated : 6 years, 9 months ago IST
New Delhi (India), Oct 3 (ANI): The Reserve Bank of India (RBI) on Thursday enhanced the withdrawal limit for the depositors of Punjab And Maharashtra Cooperative Bank Ltd to Rs 25,000.
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RBI quells rumours on banking system, says no need for depositors to panic
Updated : 6 years, 9 months ago IST
New Delhi [India], Oct 1 (ANI): The Reserve Bank of India (RBI) on Tuesday sought to quell rumours in some locations about certain banks including cooperative banks, resulting in anxiety among the depositors.
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No connection between RBI's action and FIR filed by Religare: Lakshmi Vila
Updated : 6 years, 9 months ago IST
New Delhi [India], Oct 1 (ANI): Lakshmi Vilas Bank (LVB) issued a public notice on Tuesday stating that the recent restriction imposed by Reserve Bank of India (RBI) as prompt corrective action (PCA) has no connection with the first information report registered by the Economic Offences Wing
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PMC bank didn't disclose exposure for over 6 years: Suspended MD Joy Thoma
Updated : 6 years, 9 months ago IST
Mumbai (Maharashtra) [India], Sept 28 (ANI): Punjab Maharashtra Cooperation (PMC) Bank did not report the financial exposure to the Reserve Bank of India (RBI) for over six years, suspended MD, Joy Thomas admitted on Friday.
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RBI initiates prompt corrective action for Lakshmi Vilas Bank after direct
Updated : 6 years, 9 months ago IST
Mumbai (Maharashtra) [India], Sep 28 (ANI): The Reserve Bank of India (RBI) has initiated prompt corrective action for the troubled Lakshmi Vilas Bank (LVB), a day after the private lender said that the Economic Offences Wing of Delhi Police is probing allegations of cheating and criminal
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Congress accuses RBI of systemic failure as regulator
Updated : 6 years, 9 months ago IST
New Delhi [India], Sept 27 (ANI): The Congress on Friday accused the Reserve Bank of India (RBI) of 'systemic failure' in regulating the affairs of Punjab and Maharashtra Cooperative Bank and demanded the central bank should withdraw instructions to restrict withdrawals initially to Rs 1,000
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RBI increases withdrawal limit from Rs 1,000 to 10,000 for PMC Bank custom
Updated : 6 years, 9 months ago IST
Mumbai (Maharashtra) [India], Sep 26 (ANI): In a relief for Punjab and Maharashtra Cooperative (PMC) Bank customers, the Reserve Bank of India (RBI) on Thursday increased the withdrawal limit from Rs 1,000 to 10,000.
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Kirit Somaiya requests RBI to initiate criminal action against HDIL and PM
Updated : 6 years, 9 months ago IST
New Delhi [India], Sept 26 (ANI): BJP leader Kirit Somaiya on Thursday wrote a letter to the Reserve Bank of India (RBI) requesting it to initiate criminal action against the management of HDIL company and PMC Bank for allegedly looting the deposits of people.
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Social media rumours of banks shutting down false: RBI
Updated : 6 years, 9 months ago IST
New Delhi [India], Sept 25 (ANI): The government and Reserve Bank of India (RBI) denied reports on Wednesday that the regulator is closing down at least nine commercial banks soon.
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Slashing corporate tax rates a bold measure: RBI Governor Das
Updated : 6 years, 9 months ago IST
New Delhi [India], Sep 24 (ANI): The government's recent decision to cut corporate tax rates is a bold measure and augurs well for the economy, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Tuesday.
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RBI restricts activities of PMC Bank due to heightened risks
Updated : 6 years, 9 months ago IST
Mumbai (Maharashtra) [India], Sep 24 (ANI): The Reserve Bank of India (RBI) has restricted activities of Punjab and Maharashtra Cooperative Bank (PMC Bank) for six months and asked it to not grant or renew any loans and advances, make any investment or incur any liability, including borrowal
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