RBI issues corrective framework for PSBs

New Delhi [India], Mar. 17 (ANI): Amid the multiple scams unearthed recently in the banking sector, the Reserve Bank...

FICCI cautions Centre on possible reduction of credit support

New Delhi [India], Mar. 16 (ANI): Responding to the Reserve Bank of India's (RBI) notice discontinuing the issuance...

LG orders investigation into Delhi Nagarik Sehkari Bank...

New Delhi [India] March 15 (ANI) Lt. Governor of Delhi Anil Baijal on Thursday ordered an investigation into...

No banking regulator can catch, prevent all frauds: Urjit Patel

New Delhi [India], Mar. 14 (ANI): In view of the recent Nirav Modi-led Punjab National Bank (PNB) fraud case,...

RBI discontinues LOUs/LOCs issuance for trade credit for imports

New Delhi [India], Mar 13 (ANI): The Reserve Bank of India (RBI) on Tuesday announced discontinuation of the...

IBBI, RBI sign MoU for effective implementation of insolvency code

New Delhi [India], Mar. 13 (ANI): The Insolvency and Bankruptcy Board of India (IBBI) signed a Memorandum of...

Limit collateral damage from bank frauds, urges ASSOCHAM

New Delhi [India], Mar. 11 (ANI): Apex trade association ASSOCHAM on Sunday said that all out efforts must be made...

RBI imposes Rs 5 cr penalty on Airtel Payments Bank

New Delhi [India], Mar. 10 (ANI): The Reserve Bank of India (RBI) imposed a penalty of Rs. 5 crore on Airtel...

RBI slaps SBI with monetary penalty

New Delhi [India], Mar. 08 (ANI): The Reserve Bank of India (RBI) on March 1, imposed a monetary penalty of Rs. 40...

RBI imposes Rs.30 million-penalty on Axis Bank

Mumbai (Maharashtra) [India], Mar. 5 (ANI): The Reserve Bank of India (RBI) imposed a monetary penalty worth Rs. 30...

RBI charges fine on IOB over non-compliance with KYC norms

Mumbai (Maharashtra) [India], Mar. 5 (ANI): The Reserve Bank of India (RBI) imposed a monetary penalty of Rs.20...

Tough RBI tightens PSL norms for foreign banks

New Delhi [India], Mar 5. (ANI): The Reserve Bank of India (RBI) on Monday tightened Priority Sector Lending (PSL)...