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RBI COMPLIANCE ISSUES
ATMs hungry, but not for more cashMany Indians face empty ATMs despite ample cash in circulation. This is due to serious disruptions in cash movement. UPI's rapid rise and i...- RBI proposes unified framework for banks' risk, compliance and audit functionsThe Reserve Bank of India has released a draft framework for bank control and assurance functions. This aims to simplify rules and boost go...
- HDFC Bank shares fall 2% on reports of internal probe over Rs 45 cr interest paymentsHDFC Bank shares fell after a report revealed an internal investigation into Rs 45 crore payments to Maharashtra State Road Development Cor...
- Debt funds: Is it time to exit long-duration bond funds as rate hike risks rise?The RBI’s rate-cut cycle is behind us. Experts foresee 50–75 bps of hikes. Your bond portfolio needs to reflect that.
- Sentiment is broken, fundamentals are not. PL Asset Management CIO says now is the time to buyIndian equity investors, frustrated by stagnant returns, are urged by Sandeep Neema of PL Asset Management to distinguish weak sentiment fr...
- Why India cannot build a world-class fintech champ yetIndia boasts world-class digital finance but lacks global consumer fintechs. Regulatory hurdles prevent innovation, unlike in markets with ...
- RBI imposes penalty on IIFL FinanceThe Reserve Bank of India has fined IIFL Finance Rs 3.1 lakh for not returning surplus amounts from gold auctions to borrowers. Appnit Tech...
- Supreme Court urges truce in Kapur family trust feud, asks parties not to disrupt mediationThe Supreme Court has called for calm in the Kapur family trust dispute. The court urged Rani Kapur and Priya Kapur to avoid actions that c...
- RBI eases rules for outward remittances; drops prior approval for non-bank entitiesThe Reserve Bank of India has eased rules for non-bank entities facilitating outward remittances. Prior approval from the RBI is no longer ...
- Mythos: A challenge for the Indian banking systemClaude Mythos, a cutting-edge AI tool, has unearthed significant weaknesses in cybersecurity systems. In response, Indian authorities are s...
- Six companies, six tricks in Indian balance sheets, and how investors get taken for a rideWhenever an Indian company imports goods, borrows in foreign currency, earns overseas revenue, or runs a foreign subsidiary, forex accounti...
- RBI imposes penalties on YES Bank, Hinduja Housing FinanceThe RBI said the bank failed to put in place a system of using KYC Identifier assigned by Central KYC Records Registry for the purpose of e...
- ED probes alleged ESOP misuse to launder money, bypass LRS rulesThe Enforcement Directorate is now looking into employee stock options from foreign firms given to Indian workers. This move aims to uncove...
- Fiscally disciplined states to get priority access to ₹3,000 crore SASCI incentive poolStates that manage their finances prudently will receive priority for a ₹3,000 cr incentive fund. The Centre's new scheme rewards states fo...
- Paytm rules out NBFC licence plansPaytm, the fintech major, has decided against seeking a Non-Banking Financial Company license. The company prefers a partnership model for ...
- RBI issues revised norms for entities dealing in forexThe Reserve Bank of India has introduced revised norms for foreign exchange dealings, ceasing the issuance of fresh licenses for money chan...
- Sebi mulls allowing OBPPs to offer products regulated by IFSCA, tax-saving bondsMarkets regulator Sebi on Tuesday proposed allowing Online Bond Platform Providers (OBPPs) to offer products or services regulated by Inter...
- DPIIT issues updated SOP for processing FDI applicationsThe Department for Promotion of Industry and Internal Trade (DPIIT) has streamlined Foreign Direct Investment (FDI) proposal processing wit...
- Govt has eased FDI norms for foreign cos having small Chinese/Hong Kong stake: An explainerIndia has eased Foreign Direct Investment rules for companies with up to ten percent Chinese or Hong Kong shareholding. These firms can now...
- Hyderabad cops want RBI to plug gaps that facilitate cybercrimeHyderabad Police's crackdown on cyber fraud, revealing systemic banking gaps and Rs 400 crore annual losses, has prompted a high-level meet...
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