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 ...
11 Jun, 2026, 09.02 PM IST
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 ...
06 Jun, 2026, 12.29 PM IST
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...
05 Jun, 2026, 07.33 PM IST
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...
01 Jun, 2026, 06.30 AM IST
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...
18 May, 2026, 11.14 AM IST
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...
11 May, 2026, 12.36 PM IST
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...
06 May, 2026, 08.29 AM IST
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...
06 May, 2026, 01.03 AM IST
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...
05 May, 2026, 07.24 PM IST
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...
24 Apr, 2026, 07.20 PM IST
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-...
09 Apr, 2026, 06.08 AM IST
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...
08 Apr, 2026, 02.10 PM IST
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...
09 Apr, 2025, 08.54 PM IST
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...
13 Mar, 2024, 07.43 PM IST
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 ...
16 Nov, 2023, 07.59 PM IST
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...
02 Mar, 2019, 09.13 PM IST
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.
28 Jul, 2016, 05.24 AM IST