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The Reserve Bank of India (RBI) has imposed a total penalty of Rs 60.3 lakh on five cooperative banks for violating various regulatory norms.

RBI imposed Monetary Penalties of Rs.60.3 Lakh on 5 Cooperative Banks; Know Why?

RBI has issued draft guidelines to improve rules on payment aggregators, aimed at expanding the payment ecosystem on Tuesday.

The Reserve Bank of India (RBI) has placed restrictions on two cooperative banks - Sarvodaya and National Urban Co-operative Bank.

A huge major decision was taken by RBI Governor at MPC meeting. Now cash can deposit via UPI at ATMs.

The RBI Governor said that the decision of the Monetary Policy Committee (MPC) keeps repo rate unchanged at 6.5%.

The RBI has imposed a penalty of Rs.1 crore on IDFC First Bank and Rs.49.70 lakh on LIC Housing Finance for violating certain provisions.