Expertise Yourself
April 16, 2021
RBI receives four application each for Universal Bank & Small Finance Bank
The Reserve Bank of India, vide press release 2021-2022/61 dated 15.04.2021, released the names of applicants under the Guidelines for...
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April 13, 2021
SBI collected Rs 300 crore charges from zero balance accounts in 5 years
As per a study by the IIT Bombay, several banks, including State Bank of India, have been imposing excessive charges on some of the services provided to poor persons having zero-balance or Basic Savings Bank Deposit Accounts (BSBDA).
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April 13, 2021 / Monetary Penalty
SEBI imposes monetary penalty on YES Bank
Security Exchange Board of India (SEBI), Indian capital and securities market regulator, has imposed a monetary penalty of ₹25 crore...
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April 13, 2021 / Interest Rate
Kotak Mahindra Bank retains home loan rate at 6.65%
Kotak Mahindra Bank has decided to continue its special interest rate on home loans of 6.65 per cent per annum....
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April 12, 2021 / Monetary Penalty
Monetary penalty on The Bihar Awami Co-operative Bank Ltd, Bihar
The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹5,00,000/- (Five Lakh Rupees) on The Bihar Awami...
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April 8, 2021
RBI hikes Payments Banks deposit limit per customer from Rs 1 lakh to Rs 2 lakh
The extant “Guidelines for Licensing of Payments Banks” issued on November 27, 2014, allow payments banks to hold a maximum balance of...
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March 31, 2021
Reserve Bank of India extends timeline for processing of recurring online transactions
In August 2019, the Reserve Bank of India (RBI) had issued a framework for processing of e-mandates on recurring online...
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March 31, 2021 / Monetary Penalty
RBI imposes monetary penalty on The Citizens Co-operative Bank Ltd, Rajkot
monetary penalty on The Citizens Co-operative Bank Ltd., Rajkot (Gujarat)
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March 30, 2021 / Monetary Penalty
RBI imposes monetary penalty on Akhand Anand Co-operative Bank Ltd., Surat (Gujarat)
Monetary penalty on Akhand Anand Co-operative Bank Ltd
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March 30, 2021 / Monetary Penalty
RBI imposes monetary penalty on Shri Janata Sahakari Bank Ltd
Monetary Penalty on Shri Janata Sahakari Bank Ltd
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