The Reserve Bank of India (RBI) may allow urban co-operative ... and given that Banking Regulation (Amendment) Act, 2020 provides the relevant enabling provision, the DP said it is proposed ...

In its latest action on Friday, the RBI imposed a fine of Rs 63.6 lakh on Union Bank of India for violations of the Banking Regulation Act, 1949, and non-compliance with directions related to ...

RBI Fine: RBI has imposed a fine of ... This fine has been imposed for violation of certain provisions of the Banking Regulation Act, 1949 and non-compliance with the instructions related ...

This amount is determined after accounting for provisioning for bad loans, asset depreciation, employee benefits, and other statutory expenses under the RBI Act. The RBI dividend/surplus is an ...

The Reserve Bank of India's (RBI) Central Board has approved the transfer of Rs 2.69 lakh crores as surplus to the government for the financial year 2024-25, the RBI said in a statement on May 23.

of section 58 B of the Reserve Bank of India Act, 1934", said the RBI. During an April 2023 control gap assessment, it was found that the company failed to monitor outsourced vendors, conduct ...

But it is a ‘full-service’ central bank, meaning that not only does it target inflation, issue currency, and regulate the banking ... Bank of India Act, 1934, after the RBI has made provisions ...

and for all matters provided for under the RBI Act (1934), the balance of surplus is paid to the Union Government by Section 47 (Allocation of Surplus Profits) of the Act. Apart from this routine ...

This is as per the Reserve Bank of India’s (RBI’s) guidelines ... statutory auditor as per the provisions of the Banking Regulation Act 1949. Further, in case of appointment of fresh auditors ...

the RBI also reduced the Cash Reserve Ratio (CRR) by 100 basis points—from 4% to 3%—a phased move starting in September that is expected to inject nearly ₹2.5 lakh crore into the banking ...

The Monetary Policy Committee (MPC) of the Reserve Bank of India typically meets six times a year, roughly once every two months, as per the RBI Act, 1934. The schedule is announced in advance to ...

The RBI will now consider granting a licence to the UAE-based lender to enable it to commence banking business in wholly-owned subsidiary mode under Section 22 (1) of the Banking Regulation Act, 1949.