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 ...

This announcement is made under Section 45ZI(4) of the Reserve Bank of India Act, 1934, it added ... in capital expenditures and working capital requirements. RBI has effectively supported banking ...

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 ...

"Through the audit activities and compliance operations, one of the key findings has been that many employment contract documents between employers and employees have not been stamped as required ...

WASHINGTON (Reuters) -The U.S. issued Iran-related sanctions targeting more than 30 individuals and entities it said are part of a "shadow banking" network that has laundered billions of dollars ...

This announcement is made under Section 45ZI(4) of the Reserve Bank of India Act, 1934, it added. The six-member rate setting panel MPC is headed by RBI Governor Sanjay Malhotra. The other members ...

Caution: RBI never sends mails ... of Section 42 of the Reserve Bank of India Act, 1934 and sub-section (1) of Section 18 of the Banking Regulation Act, 1949 (10 of 1949), read with Section 56 thereof ...

The senator said that the GENIUS Act, as it’s written, should be struck down, fearing that it would be a “huge giveaway to Big Tech.” By Grady McGregor Reporting from Washington. Senator ...

Telangana-based Adilabad District Cooperative Central Bank was penalised for contravention of provisions of Section 20 of the Banking Regulation Act, 1949 (BR Act). RBI’s statutory inspection ...

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 ...

India Home Loan Ltd and Khush Housing Finance Pvt Ltd. Citizen Cooperative Bank has been penalised for contravention of the provisions of Section 12B of the Banking Regulation Act, 1949 (BR Act) and ...