As per the RBI Act's Section 47, after making provision for bad and doubtful debts, depreciation in assets, contributions to ...

The Reserve Bank of India (RBI) has tightened regulations under the Payment and Settlement Systems Act to ensure compliance ...

Reserve Bank of India (RBI) has updated its framework for imposing monetary penalties and compounding offences under the ...

The Reserve Bank of India has increased monetary penalties for violations under the Payment and Settlement Systems Act. The revised framework raises the penalty cap from Rs 5 lakh to Rs 10 lakh or ...

BHUBANESWAR: The Reserve Bank of India (RBI) has imposed a Rs 4 lakh penalty on Odisha State Co-operative Bank (OSCB) Ltd for non-compliance with certain provisions of Banking Regulation Act, 1949.

The Reserve Bank of India has revised penalty norms under the Payment and Settlement Systems Act to enhance enforcement actions against violations.

The sudden RBI move came a couple of months after Aviom's auditor flagged potential discrepancies in the company's books ...

BHUBANESWAR: The Reserve Bank of India (RBI) has imposed a penalty on Odisha State Co-operative Bank (OSCB) Ltd for ...

The Reserve Bank of India is expected to cut its key policy rate on February 7, with another reduction likely next quarter.

The Reserve Bank of India has revised its framework for imposing penalties under the Payment and Settlement Systems Act, increasing the maximum penalty to Rs 10 lakh. The move aims to rationalize and ...

RBI has superseded the board of Aviom India Housing Finance. It plans to initiate resolution proceedings under the IBC and ...

The regulatory action comes two months after the lender said that it has received a notice from its statutory auditors, ...