Axis Bank Positive Pay System
Axis Bank Positive Pay System – We all know that Reserve Bank of India (RBI) introduced Positive Pay System for strengthening high value cheque clearing in CTS (Cheque Truncation System).…
Monetary Penalty on Dhanlaxmi Bank Ltd
The Reserve Bank of India (RBI) has imposed, by an order dated August 23, 2021, a monetary penalty of ₹27.50 lakh (Rupees Twenty Seven Lakh and Fifty Thousand only) on…
Sovereign Gold Bond Scheme 2021-22 Series V
The Sovereign Gold Bond Scheme 2021-22 – Series V – The Reserve Bank of India announced that, the Sovereign Gold Bond Scheme 2021-22 – Series V will be open for…
Monetary Penalty on Axis Bank
Today, The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹5.00 crore (Rupees Five crore only) on Axis Bank Limited for contravention of / non-compliance with certain…
RBI relaxes KYC compliance norms
On Wednesday, The Reserve Bank of India announced relaxation in compliance for Know Your Customer (KYC) norms due to the ongoing pandemic and lockdowns. RBI Governor Shaktikanta Das said that…
RBI allows banks to pay dividend partially
The Reserve Bank of India (RBI) has partially lifted the freeze on declaration of dividends by commercial banks for the financial year ended March 31, 2021. It also permitted cooperative…