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...

RBI imposes monetary penalty on State Bank of India, Canara Bank

Feb 26, 2024

The Reserve Bank of India (RBI) has imposed a monetary penalty on State Bank of India and Canara Bank under relevant section of...

Nirmala Sitharaman to introduce new bills to amend banking laws in Lok Sabha today

Aug 09, 2024

As the Parliament convenes for the ongoing Budget Session on Friday, Union Finance Minister Nirmala Sitharaman will introduce new Bills including the Banking Laws...

RBI imposes monetary penalty on State Bank of India

Nov 27, 2021

Mumbai (Maharashtra) [India], November 27 : The Reserve Bank of India (RBI) by an order dated November 16 has imposed a monetary penalty of...

RBI calls for additional monetary policy meet to discuss inflation mandate

Oct 28, 2022

The meeting has been called under the provisions of Section 45ZN of the Reserve Bank of India (RBI) Act 1934, RBI said in a...

Reserve Bank of India penalizes Pusad Urban Co-operative Bank Ltd. for non-compliance

Feb 12, 2024

According to a press release, the penalty was levied due to the bank's failure to comply with RBI directives concerning 'Income Recognition, Asset Classification,...