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RBI FINES BANKS
SBI, Axis Bank among lenders set for $2 billion ECB fundraising via RBI swapMajor Indian banks, including SBI, Axis Bank, and Bank of Baroda, alongside Power Finance Corporation, are set to raise over $2 billion fro...- South Indian Bank raises FCNR deposit rate to 6.5 pc after RBI swap windowSouth Indian Bank has boosted interest rates on US dollar deposits for Non-Resident Indians to 6.5% per annum for 3-5 year tenures. This mo...
- India bonds muted as sparse US-Iran deal details cap oil-led gainsTuesday saw Indian government bonds holding firm amidst a backdrop of market anticipation surrounding a possible U.S.-Iran peace negotiatio...
- Banks raise NRI deposit rates to draw dollar inflowsIndian banks are offering higher interest rates on foreign currency deposits. This move aims to attract money from overseas residents. The ...
- More economic safeguards on the cards as West Asia conflict persists: ReportIndia is preparing new measures to protect its economy from the West Asia conflict. The government will introduce these steps gradually as ...
- RBI fines Canara Bank for violations related to KYC, inactive accountsThe Reserve Bank of India has taken action against Canara Bank, slapping a substantial Rs 41.8 lakh fine for failing to comply with Know Yo...
- Banks are cutting credit card perks quietly; Learn how to get more value from your walletMany banks have recently reduced credit card rewards, cashback limits, and perks, prompting cardholders to reassess their spending strategi...
- Sovereign Gold Bond premature exit date today: SGB series turned Rs 1 lakh investment into Rs 3.12 lakhThe Reserve Bank of India has announced the premature redemption price for Sovereign Gold Bond (SGB) 2020-21 Series VIII at Rs 16,012 per u...
- Lending money to friends or relatives? Why guaranteeing loans and personal lending can put your finances, credit score, and goals at riskWhen a friend or a relative asks you for a personal loan, always seek time. There is no need to feel pressurised to respond immediately. So...
- CSB Bank cautious on gold loans, focuses on wholesale business, says MD Pralay MondalCSB Bank, a lender backed by Prem Watsa, is adopting a cautious stance on gold loans following global uncertainties. The bank intends to sh...
- Global uncertainties impact gold loan prices; so CSB will remain cautiousIn light of recent fluctuations in gold prices prompted by international unrest, CSB Bank is reassessing its approach to gold-backed lendin...
- CSB Bank cautious on gold loans, focuses on wholesale business, says MD Pralay MondalCSB Bank is turning cautious on gold loans amid price volatility linked to geopolitical tensions. The lender expects slower growth, shiftin...
- RBI imposes penalty on Bandhan Bank, Muthoot Housing Finance CompanyWhile imposing a penalty on Bandhan Bank, the RBI said the bank failed to carry out periodic review of risk categorisation of certain categ...
- Specialised non-bank participants to get entry into term money marketThe Reserve Bank of India is opening up the term money market to a wider range of financial institutions, including specialized government-...
- RBI says new NBFC classification at the end of monthThe Reserve Bank of India is set to unveil a new framework for categorizing Non-Banking Finance Companies (NBFCs) into upper, middle, and b...
- RBI imposes Rs 3.2 lakh fine on CitibankThe Reserve Bank of India imposed a Rs 3.20 lakh penalty on Citibank N.A. for failing to conduct proper due diligence on inward remittances...
- RBI imposes penalty on Bank of India, Bandhan BankThe Reserve Bank of India (RBI) has imposed penalties on Bank of India and Bandhan Bank for non-compliance with regulatory norms. Bank of I...
- RBI slaps fines on Axis Bank, Manappuram FinanceThe Reserve Bank of India (RBI) has levied a monetary penalty of Rs 90.92 lakh on Axis Bank and Rs 42.78 lakh on gold loan firm Manappuram ...
- RBI slaps fine on four banksIn a filing to the BSE, Dena Bank said the Reserve Bank has imposed a penalty of Rs 20 million on it for non-compliance with the directions...
- RBI slaps Rs 27-crore penalty on 13 banks for FEMA violationsThe RBI fined Bank of Baroda for Rs 5 crore, Punjab National Bank and Syndicate Bank have been fined Rs 3 crore each.
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