Aug 17, 2016 at 08:46 | Source: PTI
RBI said it has imposed a monetary penalty of Rs 5 lakh on The Cooperative City Bank, Guwahati, for flouting KYC norms and non-adherence to requirements relating to identification and reporting of suspicious transactions.
Aug 12, 2016 at 07:38 | Source: PTI
"To increase liquidity support for the MSME sector, it has been decided that factoring transactions on 'with recourse' basis shall be eligible for priority sector classification by banks, which are carrying out the business of factoring departmentally," RBI said in a notification.
Aug 09, 2016 at 14:34 | Source: PTI
The RBI today announced start of year-long public awareness and consumer protection campaign. One relates to awareness regarding KYC (Know Your Customer) norms and the other against fraudulent practices to cheat public.
Aug 02, 2016 at 14:36 | Source: Moneycontrol.com
Almost three years after the Reserve Bank of India (RBI) last issued guidelines for licensing of new banks in 2013, the central bank on Monday released guidelines for 'on tap' licensing of universal banks in the private sector. Here are a few takeaways.
Aug 01, 2016 at 18:20 | Source: CNBC-TV18
The Reserve Bank Monday released guidelines for 'On Tap' licensing of private sector universal banks. The guidelines state individuals with 10 years senior-level experience are eligible to promote a bank but large industry houses have been excluded as eligible entities, although they can invest up to 10 percent.
Jul 28, 2016 at 21:08 | Source: PTI
RBI had carried out an inspection of books of accounts, internal control, compliance system and processes at one of the UCO bank's branches in May-June of 2015.
Jul 26, 2016 at 20:16 | Source: PTI
RBI has imposed penalty of Rs 2crore each on Allahabad Bank and UCO Bank, and Rs 1 crore onBank of India for violation of anti-money laundering norms.
Jul 25, 2016 at 14:38 | Source: CNBC-TV18
These small financial banks (SFBs) are likely to submit their comments on draft norms by Tuesday and final guidelines on the same are expected soon.
Jun 23, 2016 at 18:34 | Source: PTI
The Reserve Bank on June 23 released draft guidelines for computing exposure for counter-party credit risk (CCR) arising from derivative transactions and capital requirements for bank exposures to central counter-parties (CCPs)
Jun 21, 2016 at 08:50 | Source: PTI
"The widened scope of FDI norms in defence, civil aviation, broadcasting services, and pharmaceuticals will provide a fillip to the potential of the US-India bilateral trade," US India Business Council (USIBC) President Mukesh Aghi said while referring to a series of Foreign Direct Investment (FDI) reforms by India yesterday.