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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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