ICICI Bank gets exemption for over 30 pc shareholding in two insurance arms

Sep 15, 2020

Mumbai (Maharashtra) [India], September 15 : Private sector lender ICICI Bank has been exempted from provisions of the Banking Regulation Act relating to shareholding...

RBI imposes monetary penalty on Sangli Sahakari Bank Limited, Mumbai

Nov 20, 2023

The penalty has been imposed in the exercise of powers conferred on RBI under the provisions of the Banking Regulation Act, 1949

Finance Minister introduces Banking Laws (Amendment) Bill in Lok Sabha

Aug 09, 2024

The bill provides for amending the Reserve Bank of India Act, 1934, Banking Regulation Act 1949, State Bank of India Act, 1955, Banking Companies...

Sharad Pawar writes to PM Modi on amendments in Banking Regulation Act, highlights 3 inconsistencies

Jul 18, 2021

New Delhi [India], July 18 : Nationalist Congress Party (NCP) president Sharad Pawar on Saturday wrote to Prime Minister Narendra Modi and pointed out...

SC upholds constitutional validity of amendments to provisions of Foreign Contribution (Regulation) Act

Apr 08, 2022

New Delhi [India], April 8 : The Supreme Court on Friday upheld the constitutional validity of the amendments to the provisions of the Foreign...

RBI imposes monetary penalty on IDFC First Bank for non-compliance with directions

Apr 05, 2024

The penalty has been imposed in the exercise of powers vested in RBI under the Banking Regulation Act, of 1949