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Rbi Penalty

RBI Imposes Penalty Of Rs 1.7 Crore On Ola Financial Services

The penalty has been imposed in exercise of powers vested in RBI under Section 30 of the Payment and Settlement Systems Act, 2007

12 July 2022

RBI Imposes Penalty On Kotak Mahindra Bank, IndusInd Bank

Besides, the RBI has also imposed penalties on four co-operative banks.


Follow Instructions In Letter And Spirit While Funding Infra Projects Of Govt Entities: RBI To Banks

Banks/ financial institutions have also been found to have violated RBI's instructions which require that in case of projects undertaken by government-owned entities, term loans should be sanctioned only for corporate bodies


RBI Imposes Monetary Penalty On Three Co-Operative Banks

This action is based on 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, RBI said

12 July 2022

RBI Lifts Restrictions On Mastercard

The central bank had barred the US-based payment gateway from onboarding new customers until it complies with Storage of Payment System Data norms


RBI Prioritising Inflation Over Growth: Official

The official also said financial markets across asset classes and geographies witnessed unprecedented volatility during the past two years due to the COVID-19 pandemic

10 June 2022

RBI Announces Measures For International Trade Settlement In Rupees

Before putting in place this mechanism, banks will require prior approval from the Foreign Exchange Department of the Reserve Bank of India (RBI), the central bank said in a circular

11 July 2022

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Businesses Should Avoid Aggressive Short-Term Reward-Seeking Culture: RBI Governor Das

Risk-taking is the essence of doing business, Das said, emphasising that companies need to carefully weigh the upsides and downsides of every risk before embarking upon it

09 June 2022

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26 May 2022
RBI To Hike Repo Rate By 50 Basis Points, Lower FY23 Growth To 7% In June Review: Barclays

RBI To Hike Repo Rate By 50 Basis Points, Lower FY23 Growth To 7% In June Review: Barclays

The central bank will likely revise its inflation estimate to 6.2-6.5 per cent, which is way above the upper end of its tolerance band of 2-6 per cent


21 February 2022
RBI Imposes Rs 5 Lakh Penalty On Three Co-operative Banks

RBI Imposes Rs 5 Lakh Penalty On Three Co-operative Banks

A penalty of Rs 2 lakh has been imposed on Baramulla Central Co-operative Bank Limited, Jammu and Kashmir for violation of RBI directions prohibiting the...


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