Reserve Bank of India Archives - Page 9 of 23

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Total value of the Rs.2000 banknotes in circulation was Rs.3.56 lakh cr at the close of business on May 19, 2023

RBI says 97.38% Rs.2000 banknotes have been returned

PGurus Newsdesk - January 1, 2024 0

After withdrawal, 97.38% of Rs.2000 banknotes returned to RBI The Reserve Bank of India (RBI) said on Monday that the total value of Rs.2000 banknotes...

Ministry of Electronics and Information Technology issued an advisory to all digital intermediaries to actively comply with the existing IT rules

Laws

Centre issues advisory for social media subsidiaries to ban ads of...

PGurus Newsdesk - December 27, 2023 0

Advisory issues to counter deepfakes, misinformation, and illegal loans and betting apps On Wednesday, the Centre said that it has directed social media subsidiaries and...

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

Banking

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

PGurus Newsdesk - December 19, 2023 0

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...

RBI’s action is based on deficiencies in regulatory compliance

Banking

RBI imposes fine on 1 bank in Mumbai and 3 in...

PGurus Newsdesk - December 15, 2023 1

RBI imposes penalties on banks for violating norms The RBI has imposed monetary penalties on one bank in Mumbai and three cooperative banks in Pune...

Compliance under PMLA, demands reporting entities’ registration and adherence to regulatory norms like KYC, transaction records, and reporting of suspicious activities

Laws

28 crypto/ VDA platforms register with FIU-India to comply with PMLA...

Team PGurus - December 4, 2023 0

Offshore crypto exchanges must register with India’s FIU: Finance Ministry As many as 28 Virtual Digital Assets (VDA) service providers, including WazirX, Coin DCX, and...

Shaktikanta Das said that many lenders were depending too much on the algorithms to make their decisions and there was a need to analyze data more carefully before making investment decisions

Banking

RBI Governor expresses concern over high dependence of NBFCs on bank...

PGurus Newsdesk - November 22, 2023 0

The prospects are at a new high in the country and this is the time to make it India’s moment, says RBI Governor Addressing the...

The supervisory restrictions will be reviewed upon the rectification of the said deficiencies to the satisfaction of RBI

Banking

RBI directs Bajaj Finance to stop sanction, disbursal of loans under...

PGurus Newsdesk - November 16, 2023 1

RBI asks Bajaj Finance to stop lending via 'eCOM' and 'Insta EMI Card' products Exercising its powers under section 45L(1)(b) of the Reserve Bank of...

Three immovable properties of Pawan Munjal located in Delhi have been provisionally attached under the provisions of PMLA

Fraud

ED accuses Hero MotoCorp’s Pawan Munjal of using others’ forex for...

Team PGurus - November 10, 2023 0

Hero MotoCorp's Pawan Munjal's properties Worth Rs.24.95 cr seized The Enforcement Directorate (ED) on Friday accused Hero MotoCorp executive chairperson Pawan Kant Munjal of using...

Penalty imposed on Shree Lodra Nagarik Sahakari Bank Ltd, Malpur Nagarik Sahakari Bank Ltd and Limbasi Urban Co-operative Bank Ltd

Banking

RBI imposes fine on 3 Gujarat banks for violating norms

PGurus Newsdesk - November 7, 2023 0

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...