Articles

As per Section 51 of the Banking Regulation Act, 1949, banks and banking institutions that fall under this category are still considered "banking companies" under the new Income-tax Act, 2025.

Income Tax Dept Provides Clarification Regarding TDS Exemption on Interest Payments by Banking Institutions

News

The RBI imposed monetary penalties on several banks across India for violations of KYC norms, governance rules, and provisions of the Banking Regulation Act.

Reserve Bank of India Imposes Penalties on Multiple Banks for Regulatory Violations

Notifications

The Centre has temporarily exempted SBI and Bank of Baroda from Section 19(2) of the Banking Regulation Act 1949

Centre Grants Temporary Exemption to SBI and Bank of Baroda Under Banking Regulation Act

Press Release

RBI issued a penalty order on HDFC Bank Limited for breach of provisions of section 19 (1)(a) and 6(1) of Banking Regulation Act, 1949.

HDFC Bank Penalised by RBI for Irregular Benchmarking, Subsidiary Operations, and KYC Lapses

RBI imposes a monetary penalty of Rs 44.70 lakh on Bandhan Bank Limited for violation of Section 10(1)(b)(ii) of the Banking Regulation Act 1949.

RBI Imposes Monetary Penalty of Rs 44.70 Lakh on Bandhan Bank Limited

RBI after exercising its power, took action against Paytm Payments Bank and had put certain business restrictions under section 35A of the Banking Regulation Act, 1949.

Explore Our Blogs

Stay updated with the latest insights, tips, and industry trends from our experts

Income Tax Dept Provides Clarification Regarding TDS Exemption on Interest Payments by Banking Institutions

Reserve Bank of India Imposes Penalties on Multiple Banks for Regulatory Violations

Centre Grants Temporary Exemption to SBI and Bank of Baroda Under Banking Regulation Act

HDFC Bank Penalised by RBI for Irregular Benchmarking, Subsidiary Operations, and KYC Lapses

RBI Imposes Monetary Penalty of Rs 44.70 Lakh on Bandhan Bank Limited

RBI released FAQs related to Business restrictions imposed on Paytm Payments Bank