News

The Reserve Bank of India (RBI) has imposed a penalty of Rs.2.92 crore on Canara Bank for non-compliance with certain provisions of directions issued by the central bank.

RBI imposed Penalty of 2.9 crore on Canara Bank for this reason

Press Release

RBI has issued advisory to banks, emphasizing need to take steps to ensure complete transition away from LIBOR from July 01, 2023.

Cessation of LIBOR: Complete Transition away Libor from July 01, 2023

Circulars

RBI has issued a circular clarifying the concept of Informal Micro Enterprises (IMEs) in order to qualify for government incentives and be classified as PSLs.

RBI clarifies Formalisation of Informal Micro Enterprises on Udyam Assist Platform

RBI has announced a ‘100 Days 100 Pays’ campaign for banks to trace and settle the top 100 unclaimed deposits of every bank in every district of the country within 100 days.

Reserve Bank launches ‘100 Days 100 Pays’ Campaign for Return of Unclaimed Deposits

RBI has issued a new regulation governing imposition of taxes or fees on foreign currency prepaid cards, store value cards, travel cards and other cards that are redeemable in India.

RBI's New Rule: Levy of Charge on Forex Prepaid Cards and Travel Cards; Check Details

The Reserve Bank of India (RBI) has imposed Monetary Penalty of Rs.26,40,000 on 4 Cooperative Bank for non-compliance with the directions issued by RBI.

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RBI imposed Penalty of 2.9 crore on Canara Bank for this reason

Cessation of LIBOR: Complete Transition away Libor from July 01, 2023

RBI clarifies Formalisation of Informal Micro Enterprises on Udyam Assist Platform

Reserve Bank launches ‘100 Days 100 Pays’ Campaign for Return of Unclaimed Deposits

RBI's New Rule: Levy of Charge on Forex Prepaid Cards and Travel Cards; Check Details

RBI imposed Monetary Penalty of 26.4 Lakhs on 4 Cooperative Banks; Know Reason Why?