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RBI NEW PENALTY NORMS
Senior citizens can now earn up to 7.95% FD interest at Bandhan Bank as lender hikes fixed deposit rateSenior citizen FD interest rates: Bandhan Bank has boosted fixed deposit interest rates, offering senior citizens a compelling up to 7.95% ...- India defeats Pakistan 4-3 in thrilling FIH Pro League London-leg openerIndia's men's hockey team secured a thrilling 4-3 victory over Pakistan in the FIH Pro League London leg. After a slow start, India found t...
- Banks can offer loans for FCNR (B), rebook deposits, RBI clarifiesIndian banks can now lend against FCNR(B) deposits, with the RBI offering forex swaps only on the principal amount. This move aims to attra...
- RBI clarifies FCNR(B) loan, SBLC eligibility under swap schemeIndian banks can now offer loans to non-residents and issue standby letters of credit against FCNR(B) deposits under a new RBI swap facilit...
- RBI allows guarantee cover for TReDS financing in fresh directionsThe Reserve Bank of India has enhanced credit access for MSMEs by allowing financiers on TReDS platforms to secure guarantee cover for fina...
- Govt revises penalties under FCRA involving receipt of foreign contributions by NGOsNew penalties are now in place for NGOs misusing foreign funds. The Home Ministry has revised compounding penalties for various FCRA violat...
- Finders Keepers: This World Cup has a new set of heroes who usually remain footnotes unless there are penalty kicksThe article celebrates the often-overlooked role of goalkeepers at the World Cup, drawing parallels with Mal Peet’s novel Keeper, where a y...
- UN Human Rights Council urged to act against apostasy and blasphemy executionsA global rights group, Jubilee Campaign, has urged nations to abolish death penalty laws for apostasy and blasphemy, citing violations of f...
- RBI sweetens FCNR deposits: NRIs can now earn up to 7% on dollar savingsFor the first time in years, the math is actually working for non-resident Indians to invest dollar savings in India.
- Banks seek RBI clarity on leveraged NRI FCNR deposit structuresIndian banks are seeking clarity from the RBI on allowing overseas branches to lend to non-residents for FCNR(B) deposits. Some lenders, li...
- India win FIH Hockey Women's Nations Cup title, beating hosts New Zealand 2-0India's Women's Hockey Team triumphed at the FIH Hockey Women's Nations Cup New Zealand 2025-26, defeating hosts New Zealand 2-0 in a comma...
- UAE offers 30-day visa relief for travellers affected by regional disruptionsUAE's ICP offers a 30-day grace period, from June 10 to July 9, 2026, for travellers impacted by regional disruptions. This allows individu...
- On a train without ticket or using someone else’s? These railway mistakes could soon cost you far more as Centre plans fine hike from July 1Train travel could soon come with stricter penalties as the Centre plans to double the minimum fine for ticketless travel from Rs 250 to Rs...
- RBI revises Kisan Credit Card norms, standardises crop season definitionThe Reserve Bank has revamped the Kisan Credit Card (KCC) Scheme, standardizing crop season definitions for uniform loan sanctions and repa...
- RBI temporarily eases FCNR(B), NRE deposit rate norms to attract overseas fundsThe Reserve Bank of India has eased interest rate rules for overseas deposits. This allows banks to offer better returns on FCNR(B) and NRE...
- FEMA probe against Apollo Hospitals, 5 directors closed after compounding order: EDA foreign exchange violation case against Apollo Hospitals and five directors has been terminated. The Reserve Bank of India issued a compo...
- RBI puts curbs on banks' sale of third-party productsThe Reserve Bank of India has prohibited third-party incentives to employees of regulated entities, while allowing banks and NBFCs to rewar...
- RBI releases final guidelines on marketing, sales incentives of financial productsRBI has prohibited third-party incentives to employees of regulated entities for selling financial products, while allowing banks and NBFCs...
- Unauthorised absence by RBI official grave misconduct: Bombay HC; upholds his removalThe Bombay High Court has ruled that an Reserve Bank of India official's unauthorized absence from work is grave misconduct. The court dism...
- 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...
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