HDFC Bank shares have plummeted over 25% this year, driven by governance concerns following the former chairman's resignation and an intern...

Borrowers struggling with debt often face harassment from recovery agents through abusive calls, threats, public shaming, and unauthorised ...

With the rupee weakening and structural pressures from oil, capital outflows and inflation differentials persisting, Indian investors face ...

India might weather the West Asia conflict's economic storm if it ends soon, according to Swaminathan Aiyar. While a swift resolution is ex...

In Delhi-NCR, tensions among workers have reignited as protests over rights and pay escalate. This vital economic hub not only draws intern...

Sustained disruption could destabilise the coastal economy and weaken India’s export competitiveness, say experts and stakeholders

Confederation of Indian Industry praises government and RBI for swift actions amid West Asia conflict. CII proposes a detailed plan to supp...

In a stock exchange filing on Monday, the company said the RBI has imposed a compounding fee of Rs 18.76 lakh in connection with certain in...

The Enforcement Directorate announced that the Reserve Bank of India has settled a Foreign Exchange Management Act case against Genpact Ind...

The Enforcement Directorate has approved a Reserve Bank of India compounding order. This settles a year-long FEMA violation case against Ne...

In February, the RBI had ordered the credit card company to stop using an unauthorised route to make some commercial payments, per a Reuter...

The RBI said monetary penalty on Payment System Operators (PSOs) Manappuram Finance and Ola Financial Services has been imposed for non-com...

The RBI considered the submissions of the company and passed five separate compounding orders, directing the company to deposit Rs 25 lakh ...

In a relief to stressed borrowers who are facing hardships due to the impact of COVID-19 pandemic, the apex court had passed the interim or...

RBI said personal appearance before the compounding authority in FEMA cases is not mandatory and has no bearing on the penalty imposed.

Contravention is the breach of provisions and norms under the Foreign Exchange Management Act, or FEMA 1999. Compounding of contraventions ...

The RBI has said REL violated FEMA norms by parking its foreign loan proceeds, worth $300 mn, with its mutual fund in India and then repatr...