Penalty on — Fortune Integrated Assets Finance Ltd. for non-compliance of– Monitoring of Frauds in NBFCs (Reserve Bank) Directions, 2016
The Reserve Bank of India (RBI) has imposed, by an order dated January 31, 2020, a monetary penalty of Rs 2 lakh
RBI
Launch of Mobile Aided Note Identifier (MANI) for aiding visually impaired persons
RBI Governor launched the “Mobile Aided Note Identifier (MANI)”, a mobile application for aiding visually impaired persons to identify the denomination of
RBI releases “Guidelines for ‘on tap’ Licensing of Small Finance Banks in the Private Sector”
The Reserve Bank of India released on its website, “Guidelines for ‘on tap’ Licensing of Small Finance Banks in the Private Sector”.
Cabinet approves introduction of International Financial Services Centres Authority Bill, 2019 in Lok Sabha, after withdrawal from Rajya Sabha
The Union Cabinet approved for withdrawing of the International Financial Services Centres Authority, 2019 Bill which was introduced in the Rajya Sabha
RBI imposes ‘Monetary Penalty’ on 7 Public Sector Banks
Reserve Bank of India (RBI) has, by an order dated July 31, 2019, imposed monetary penalty on seven banks for non-compliance with
RBI refuses to disclose information under RTI; SC reserves judgment
Supreme Court: The Court has reserved order on two contempt petitions filed against Reserve Bank of India (RBI) for not complying with
Reserve Bank of India imposes monetary penalty on Punjab National Bank
RBI has imposed, by an order dated February 25, 2019, a monetary penalty of Rs 20 million (Rupees Twenty Million) on Punjab
Foreign Exchange Management (Export and import of Currency) (Amendment) Regulations, 2019
G.S.R. 151(E)—In exercise of the powers conferred by clause (g) of sub-section (3) of Section 6 and Section 47 of the Foreign
Disclosing information regarding printing of notes after demonetisation not exempted under RTI Act, RBI directed to disclose the same
Central Information Commission (CIC): The present matter was taken up by Sudhir Bhargava (Information Commissioner), under the Right to Information Act, 2005.
RBI’S crackdown on Cryptocurrencies — Facts and Implications
by Bhumesh Verma* and Soumya Shekhar**
RBI makes Aadhaar key to KYC compliance
Reserve Bank of India (RBI) has made linking of national biometric ID Aadhaar to bank accounts mandatory as part of its updated
RBI prohibits dealing in Virtual Currencies by regulated entities
Reserve Bank has repeatedly through its public notices on December 24, 2013, February 01, 2017 and December 05, 2017, cautioned users, holders
Prompt Corrective Action of RBI on Public Sector Banks
Reserve Bank of India has issued a Prompt Corrective Action (PCA) framework to maintain sound financial health of banks. It facilitates banks
RBI discontinues Letter of Undertaking, Letter of Comfort as instruments of trade credit
Reserve Bank of India has scrapped quasi bank guarantee instruments such as the Letter of Undertaking (LoU) and Letter of Comfort (LoC)
Insolvency and Bankruptcy Board of India signs MoU with Reserve Bank of India
The Insolvency and Bankruptcy Board of India (IBBI) has signed a Memorandum of Understanding (MoU) with Reserve Bank of India (RBI) on
Ombudsman Scheme for Non-Banking Financial Companies, 2018
In exercise of the powers conferred by Section 45L of the Reserve Bank of India Act, 1934, the Reserve Bank of India
RBI releases harmonized definitions of data elements covered in banking/regulatory returns
Reserve Bank of India had constituted an inter-departmental Task-force in December 2014, to provide “harmonised” definitions of major balance sheet/profit and loss/off-balance
RBI caps charges on debit card transactions at merchant outlets to Rs. 200
Rationalisation of Merchant Discount Rate (MDR) for Debit Card Transactions Please refer to paragraph 1 of Statement on Developmental and Regulatory Policies
RBI cautions co-operative societies from using the word “Bank” in their names and accepting deposits
It has come to the notice of Reserve Bank of India (RBI) that some Co-operative Societies are using the word “Bank” in
S. 7(9) of RTI Act cannot be invoked to deny the information sought
Central Information Commission: The Commission recently dealt with an RTI application in which the appellant had sought information regarding the month and year