Supervisory Action against Kotak Mahindra Bank Limited under Section 35A of the Banking Regulation Act, 1949
In a recent development, the Reserve Bank of India (RBI) has levied a monetary penalty of Rs 10 lakh on NABFINS Limited, a subsidiary of NABARD, citing non-compliance with specific regulations.
Key Facts Statement (KFS) for Loans & Advances
A Pune-based Chartered Accountant was ensnared in a sophisticated cyber scam, suffering a devastating loss of Rs 3.4 crore to online fraudsters.
In a proactive move aimed at curbing incidents like the BoB World app scam and other financial frauds, the finance ministry is advocating for a robust KYC procedure and rigorous due diligence by banks and financial institutions.
The new website and mobile application of the Reserve Bank of India was released by Governor Shri Shaktikanta Das.
Keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50 per cent.
The Bengaluru police have apprehended a Noida-based Chartered Accountant, Ashish Roy, also known as Ashish Saxena, for his alleged involvement in a fraudulent scheme totaling Rs 168 crore.
The Government of India has made a request to keep all branches of the banks dealing with Government receipts and payments open for transactions on March 31, 2024 (Sunday)
The Ministry of Finance initiates an Incentive scheme for promotion of RuPay Debit Cards and low-value BHIM-UPI transactions (Person to Merchant) for the financial year 2023-24.
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
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