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

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 provis ...

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

HYDERABAD: Andhra Pradesh and Telangana have taken divergent stands on the continuation of criminal proceedings against ...

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 ...

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

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 ...

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

Here’s why the FRBM Act remains a focal point in Union Budget 2025 discussions, highlighting its significance in fostering ...

RBI supersedes Aviom India Housing Finance board due to governance concerns, defaults, and potential discrepancies in ...

The Reserve Bank of India (RBI) announced measures to inject durable liquidity into the banking system, including a ...

CRED launches e-rupee wallet, integrating RBI's CBDC, with Yes Bank as sponsor bank, enabling secure digital payments.