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The bank intending to transit must have their shares listed on a recognized stock exchange

RBI sets criteria for Small Finance Banks seeking Universal Banks license

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RBI lays out norms for the voluntary conversion of SFBs into universal banks The Reserve Bank of India (RBI) has set out certain provisions fulfilling...
District Magistrate directed banks to send reports about all such deposits and withdrawals to the district election department

Lucknow election officer directs banks to inform about transactions above permitted limit

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Provide details of transactions above Rs.10L: DEO to banks The Lucknow district election officer has directed all banks to monitor withdrawals and deposits above Rs.10...
RBI asks NPCI to look into One97 Communication's plea to become TPAP for UPI usage

RBI says Paytm handles to migrate seamlessly from PPBL to other banks. Issues guidelines...

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RBI comes out with another set of measures to mitigate woes of Paytm customers Protecting the customers of Paytm, the Reserve Bank of India (RBI)...
‘One Vehicle, One FASTag’ aims to discourage user behavior of using single FASTag for multiple vehicles

FASTags without KYC link to be deactivated or blacklisted by banks after Jan 31:...

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ALERT! Your FASTag may get deactivated or blacklisted after January 31 The National Highways Authority of India (NHAI) announced that FASTags with incomplete KYC will...
The RBI's move is aimed at stopping banks and NBFCs from using the AIF channel as a way to artificially sustain or extend the life of their loans

RBI tightens rules for banks, NBFCs’ investments in Alternate Investment Funds

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RBI shares guidelines on AIFs investments for lenders On Tuesday, the Reserve Bank of India (RBI) barred regulated entities (REs) such as banks and non-banking...
Penalty imposed on Shree Lodra Nagarik Sahakari Bank Ltd, Malpur Nagarik Sahakari Bank Ltd and Limbasi Urban Co-operative Bank Ltd

RBI imposes fine on 3 Gujarat banks for violating norms

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RBI action taken against the banks is based on deficiencies in regulatory compliance The Reserve Bank of India (RBI) has imposed monetary penalties on three...
Bank Bachao Desh Bachao Manch, a forum representing various sections of civil society, is seeking ways to combat Aadhar card-related bank fraud

Civil society forum writes to Governor of RBI seeking information security auditors system for...

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Forum asks RBI Governor Shaktikanta Das for bank security auditors Given the rising number of incidents involving online bank frauds due to the misuse of biometrics...
The timeline and place of return of original movable or immovable property documents will be mentioned in the loan sanction letters issued on or after the effective date

RBI directs banks to return property papers within 30 days of loan repayment, or...

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RBI introduces guidelines for timely release of property papers to borrowers after loan repayment Reserve Bank of India (RBI) has issued guidelines for banks related...
The measure was intended to absorb the surplus liquidity generated by various factors, including the return of Rs.2,000 notes to the banking system

RBI to discontinue I-CRR requirement for banks, funds to be released in phases

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RBI decides to withdraw incremental cash reserve ratio by October 7 in a phased manner The Reserve Bank of India (RBI) has decided to discontinue...
CBI registered case against GTL Infrastructure Ltd, others in connection with fraud of Rs 4,063 cr involving a consortium of 19 banks and financial institutions

CBI books GTL Infrastructure Ltd for massive bank fraud worth Rs.4,063 cr involving 19...

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CBI registers case against bank officers, GTL Infra in loan fraud case The Central Bureau of Investigation (CBI) has registered a case against Mumbai-based GTL...

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