News

The Reserve Bank of India (RBI) has imposed a penalty of Rs 70,000 on Repco Home Finance Limited over Non-compliance with 'Fair Practice Code' directions.

RBI Levies penalty of Rs. 70,000 on Repco Home Finance Over 'Fair Practice Code' Non-Compliance

Notifications

RBI has reduced the export proceeds realisation timeline from 15 months to 9 months under the amended FEMA Export of Goods and Services Regulations, 2026.

Export proceeds realisation period reduced from 15 to 9 months [Read Notification]

The RBI has imposed a Rs 41.80 lakh penalty on Canara Bank for non-compliance with KYC norms and improper classification of certain customer accounts as inoperative.

Canara Bank Fined Rs 41.80 Lakh by RBI Over KYC Compliance Violations

Press Release

RBI fined Nagar Sahkari Bank Rs 14.25 lakh for violating banking regulations related to NPAs, unsecured loans, credit reporting, and loan approvals.

RBI Imposes Rs 14.25 Lakh Penalty on Nagar Sahkari Bank for Regulatory Violations

RBI amends FEMA merger regulations, replacing NCLT references with broader competent authority framework.

RBI Amends Cross-Border Merger Framework Through FEMA Regulations Update

RBI keeps repo rate unchanged at 5.25%, retains neutral stance, lowers GDP growth forecast to 6.6% and raises inflation outlook to 5.1% amid global economic uncertainty.

Explore Our Blogs

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

RBI Levies penalty of Rs. 70,000 on Repco Home Finance Over 'Fair Practice Code' Non-Compliance

Export proceeds realisation period reduced from 15 to 9 months [Read Notification]

Canara Bank Fined Rs 41.80 Lakh by RBI Over KYC Compliance Violations

RBI Imposes Rs 14.25 Lakh Penalty on Nagar Sahkari Bank for Regulatory Violations

RBI Amends Cross-Border Merger Framework Through FEMA Regulations Update

RBI Keeps Repo Rate Unchanged at 5.25% and Maintains a Neutral Stance Amid Global Uncertainty