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RBI has imposed a fine of Rs. 3,20,000 on Citibank N.A. for violating Section 10(4) of the Foreign Exchange Management Act (FEMA), 1999.

RBI Fines Citibank Rs. 3.2 Lakh for FEMA Violation

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The circular relates to the changes made in the penal interest rates applicable for shortfalls in the Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) requirements.

Penal Interest On Shortfall In CRR And SLR Requirements-Change In Bank Rate

RBI has announced the withdrawal of 20 regulatory guidelines related to cheques after reviewing the existing regulatory guidelines regarding cheque.

Twenty Circulars Withdrawn by RBI Amid Review of Regulatory Guidelines: Know the List

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RBI has further extended the period of directives imposed on Shirpur Merchants’ Co-operative Bank Ltd. by another three months.

RBI Extends Curbs on Shirpur Co-op Bank Over Declining Financial Position

RBI Extends Curbs on Shirpur Coop Bank Over Declining Financial Position

RBI are launching some public awareness campaigns across various mediums like text messages, television and digital advertisements.

RBI Launches Verified WhatsApp Channel for Public Awareness

The Reserve Bank of India (RBI) has announced that it will soon release new notes of Rs. 10 and Rs. 500 carrying the signature of the current RBI Governor, Sanjay Malhotra

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RBI Fines Citibank Rs. 3.2 Lakh for FEMA Violation

Penal Interest On Shortfall In CRR And SLR Requirements-Change In Bank Rate

Twenty Circulars Withdrawn by RBI Amid Review of Regulatory Guidelines: Know the List

RBI Extends Curbs on Shirpur Coop Bank Over Declining Financial Position

RBI Launches Verified WhatsApp Channel for Public Awareness

RBI Set to Release Notes of Rs 10 and Rs 500 Having Governor Malhotra’s Signature