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RBI ENFORCEMENT ACTION
Can a bank seize your vehicle after EMI default? What borrowers need to knowFacing vehicle repossession in India? Understand your rights: lenders can't seize your vehicle after just one or two missed EMIs without du...- Regulatory minefield: ED enters the crypt, waking up the ghosts for Crypto IncIndia's crypto sector faces a new crisis as the Enforcement Directorate probes four firms for unauthorized foreign money transfers using di...
- Investing abroad? These 7 costly mistakes could trigger an income tax noticeWealthy Indians are investing more abroad. However, they must understand the rules to avoid trouble. Mistakes like misusing investment rout...
- 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...
- No law bans withdrawal of cryptocurrency: BinanceIndian crypto exchanges are blocking user withdrawals fearing misuse for money laundering. Global exchange Binance, however, permits free w...
- RBI cautions against misleading campaigns promising loan waiversAttention all borrowers! The Reserve Bank of India has flagged a concerning trend involving fraudulent loan waiver initiatives. These dupli...
- 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...
- Inside WhatsApp's measures to curb digital arrest scamsWhatsApp is using AI to combat digital arrest scams, banning thousands of impersonating accounts. Authorities are working to prevent signif...
- WhatsApp banned 9,400 accounts involved in digital arrest scams since January this year: Centre to SCAuthorities are launching a major crackdown on digital arrest scams. WhatsApp has banned thousands of accounts involved in these frauds. Ne...
- India’s banking system turns sluggish amid loan recovery delays and legal hurdles: CII reportIndia's banking sector needs urgent reforms. The Confederation of Indian Industry's report highlights slow loan recovery and complex laws. ...
- CJI Surya Kant flags rising 'digital arrest' scams duping educated peopleChief Justice of India Surya Kant voiced shock at educated people being defrauded by digital arrests. A recent case involved an elderly wom...
- Rupee plunges 49 paise to 93.32 against US dollar in early tradeThe Indian Rupee weakened significantly against the US Dollar today. Higher crude oil prices and global geopolitical tensions are impacting...
- Supreme Court rules no personal hearing needed before declaring bank account as fraudThe Supreme Court has issued a pivotal directive concerning the classification of bank accounts as fraudulent, opting not to allow personal...
- RBI imposes ₹54.78 crore in penalties on 353 banks, other regulated entities during FY25In fiscal year 2024-25, the Reserve Bank of India levied 353 penalties totaling ₹54.78 crore on regulated entities for statutory contravent...
- RBI bars SR Batliboi from audit of commercial banks for a yearRBI said the action was initiated on account of the lapses identified in a statutory audit.
- PNB fraud case: RBI says examining enforcement actionReplying to an RTI query, the central bank also said it has been issuing necessary instructions to banks from time to time on a variety of ...
- RBI to open separate enforcement department on April 3: Union Minister GangwarThe department proposed to be opened on April 3 would serve as a centralised wing to deal with banks only for enforcement action.
- New department to monitor banks violating rules“As of now, each department of the RBI takes action against banks for violation of rules. RBI now proposes to have it centralised in one de...
- RBI to set up separate Enforcement DepartmentNecessary steps have been initiated in this regard and the new department will start functioning from April 1
- Walmart probe: Enforcement Directorate approaches RBI before taking final actionThe agency has approached the Reserve Bank of India (RBI) to seek "clarity" on FDIrules before and during 2010 in the multi-brand retail se...
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