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RBI asks large UCBs to appoint chief compliance officersCompliance risk is the risk of legal or regulatory sanctions, material financial loss or loss of reputation a UCB may suffer as a result of...
Rate hike signals RBI wants to act quickly before inflation derails growth, say expertsAccording to V Swaminathan, Executive Chairman, Andromeda and Apnapaisa, the rate hike was on the cards as the policymakers were under imme...
Bank credit growth decelerates to 5.6 per cent in MarchCombined credit by bank branches in top six centres (Greater Mumbai, Delhi, Bengaluru, Chennai, Hyderabad and Kolkata) declined marginally ...
RBI slaps Rs 10 lakh penalty on four co-operative banks for issues in regulatory complianceA penalty of Rs 5 lakh has been imposed on Jowai Co-operative Urban Bank Limited. The RBI has also imposed penalty of Rs 2 lakh each on The...
Regulators to take necessary action to preserve financial stability: FSDC sub-committeeThe sub-committee also reviewed the major developments in the global and domestic economy and financial markets that impinge upon financial...
Production of Rs 10 coins halted temporarily on adequate stocks: GovtThere is no plan to stop production of coins, Finance Minister Arun Jaitley said in a written reply dated February 2 and made available tod...
ESOPs should be taxed only when benefits are realised: ReportCompanies offer stocks to their employees by way of Employee Stock Option Plans (ESOPs).
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