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RBI ON ARBITRARY PENAL CHARGES
New valuation rules seek fairer outcomes in bankruptcy casesNew Delhi: The bankruptcy regulator has issued a circular for standardized valuation of companies under the Insolvency and Bankruptcy Code....
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...
Explained: Why RBI’s FCNR(B) and ECB swap window could be a game changer for banksRBI’s FCNR(B) and ECB swap windows aim to boost liquidity, stabilise the rupee and ease funding costs for banks. Attractive returns for NRI...
WB liquor retailers allege Rs 300 crore collected as unauthorised transport charges, seek probeWest Bengal liquor traders claim over Rs 300 crore was collected from them between 2022 and 2025. They allege these are unauthorized transp...
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...
Umar Khalid, Sharjeel Imam move fresh bail pleas after nearly 6 years in jailUmar Khalid and Sharjeel Imam seek bail in a Delhi court. They argue their prolonged detention without trial violates their rights. Both ha...
Banks seek RBI nod on Guarantee Rule to boost NRI deposit inflowsBanks are urging the RBI to clarify regulations for the new FCNR deposit scheme, aiming to attract diaspora funds. They seek a tweak in wor...
SC dismisses Meenakshi Natarajan's plea against rejection of Rajya Sabha candidatureThe Supreme Court has dismissed a plea by Congress leader Meenakshi Natarajan. Her Rajya Sabha nomination from Madhya Pradesh was rejected....
FSSAI asks food businesses to stop using metallic pins, wires in packagingThe FSSAI has issued a strict directive to all food business operators. They must immediately cease using metallic pins and wires for packa...
RHFL, RCFL bank fraud money laundering case: ED files charge sheet against Jhunjhunwala, Bapna, 52 othersThe Enforcement Directorate has filed a charge sheet against former Reliance executives Amitabh Jhunjhunwala and Amit Bapna. They were arre...
CBI finds no evidence of corruption in case involving Nirav Modi; transferred to magistrateA special CBI court in Mumbai transferred a fraud case against Nirav Modi to a magistrate's court. The CBI stated that corruption charges a...
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 allows banks to lend directly to REITs & InvITs, caps applyThe Reserve Bank of India now permits banks to directly fund Real Estate Investment Trusts and Infrastructure Investment Trusts. Strict rul...
Mirwaiz voices concern over PoK protest deaths, urges authorities to avoid use of forceReligious leader Mirwaiz Umar Farooq voiced deep concern over recent fatalities in Pakistan-occupied Kashmir. Over twenty individuals repor...
FX swap window may spur PSU rush for overseas loansPublic sector units like PFC, REC, and NaBFID are poised to increase their External Commercial Borrowings (ECBs) to leverage the RBI's 1.5%...
AAP in Punjab orders private schools to refund fees increased beyond 5%, says Arvind KejriwalPunjab has enacted a new law to control private school fee increases. The government has capped annual fee hikes at five percent. Schools t...
Jacqueline Fernandez, Sukesh Chandrashekar among 17 charged in Rs 200-crore money laundering caseA Delhi court has formally framed charges against actor Jacqueline Fernandez, alleged conman Sukesh Chandrashekar, and 17 others in a Rs 20...