RBI Thwacks A Fine Of Rs. 1 Crore On HDFC For Non-Compliance
The Reserve Bank of India forced a fine of Rs 1 crore on HDFC Bank Ltd. for not complying with its know-your-customer and anti-money laundering...
Tag : RBI
NBFCs Will Keep Getting Funded Says RBI
In the middle of growing fears of defaults by non-banking finance companies, country’s largest lender State Bank of India on Friday said it will continue...
RBI Will Fuse Rs.12,500 Crore Liquidity By 20th June
Thursday, The Reserve Bank of India said it will infuse Rs 12,500 crore into the financial system through bond purchases on June 20. The decision...
TCS Is Unstoppable And Is Doing Best To Stay The Most Valuable Firm
Tata Consultancy Services Ltd. will apply Reserve Bank of India’s centralized information and management system for uninterrupted data collection and validations at a cost of...
Kotak Mahindra Bank Got Penalized By RBI
The Reserve Bank of India has levied an Rs 2-crore penalty on private lender Kotak Mahindra Bank Ltd. for not meeting the regulator’s bank ownership...
RBI Simplifies Stressed Asset Rules Related To Feb. 12 Circular
On Friday, The Reserve Bank of India, released a revised circular on the restructuring of stressed accounts, after the last such circular was struck down...
As Economy Cools, Third Straight RBI Rate Cut Seen
The Reserve Bank of India is likely to concrete its value as Asia’s most dovish central bank with a third straight interest-rate cut Thursday. Governor...
RBI Updates KYC Norms for Regulated Entities
The Reserve Bank of India (RBI) has modified its master direction on Know- Your-Customers(KYC) for regulated entities (REs). Amongst the important changes is allowing banks...
RTGS Timings Extended By RBI For Customers From 1st June
The Reserve Bank of India (RBI) has stretched the timings for customer transactions through Real Time Gross Settlement (RTGS) system. The effect will take place from June...
To Maintain More High-Quality Liquid Assets RBI Pushes Crisis-Hit NBFCs
On Friday, The Reserve Bank of India (RBI) said from April 1 next year large non-banking financial companies (NBFCs) should maintain a liquidity coverage ratio...