News

An inspection of the bank's financial records revealed that it did not fully follow guidelines on 'Priority Sector Lending (PSL) - Targets and Classification' and 'Interest Rate on Deposits'.

RBI Fines Bank of India Due to Non-Compliance with Regulatory Directives Regarding Priority Sector Lending

Press Release

The RBI fined Union Bank of India Rs 95.40 lakh for non-compliance with customer protection norms and improper automation of asset classification processes.

RBI Imposes Rs 95.40 Lakh Penalty on Union Bank of India for Regulatory Violations

Circulars

The Reserve Bank of India has capped the NOP-INR position of Authorised Dealers at USD 100 million.

RBI Mandates USD 100 Million Daily Cap on Rupee Net Open Position

RBI has revised customer liability rules for digital fraud and introduced AI-driven systems to strengthen fraud detection and prevention.

RBI Revises Customer Liability Rules Amid Rising Digital Fraud

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

Articles

India’s Enforcement Directorate has issued notices to individuals who used credit cards to buy property in Dubai. Authorities are examining violations of RBI rules, and affected buyers may need to regularize transactions or face penalties.

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RBI Fines Bank of India Due to Non-Compliance with Regulatory Directives Regarding Priority Sector Lending

RBI Imposes Rs 95.40 Lakh Penalty on Union Bank of India for Regulatory Violations

RBI Mandates USD 100 Million Daily Cap on Rupee Net Open Position

RBI Revises Customer Liability Rules Amid Rising Digital Fraud

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

ED Cracks Down On Indians Using Credit Cards To Buy Dubai Property