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RBI has updated the alert list of unauthorized forex trading platforms and added 19 new entities that are not authorised to provide forex services under the FEMA 1999.

RBI issues Alert List of Unauthorized Forex Trading Platforms

RBI has imposed a monetary penalty of Rs.5.00 crore on Citibank N.A. (the bank) for contravention of Section 26A of the Banking Regulation Act, 1949.

RBI imposes Rs.5 Crore Monetary Penalty on Citibank

The RBI has imposed a monetary penalty of Rs. 1 Cr on the Indian Overseas Bank for non-compliance with certain RBI directions.

RBI imposes Monetary Penalty on Indian Overseas Bank

RBI has imposed a monetary penalty of Rs.4.34 crore on Bank of Baroda (the bank) for non-compliance with certain directions issued by RBI

Bank of Baroda imposed with Monetary Penalty of Rs. 4.34 crore by RBI

The Reserve Bank of India (RBI) has imposed Monetary Penalty of Rs.5.50 Lakhs on 3 Sahakari Bank for non-compliance with RBI Direction.

RBI imposes Monetary Penalty on 3 Sahakari Bank for non-compliance with RBI Direction

RBI has imposed a monetary penalty of Rs. 1.50 lakh on Sappers Finance and Consultancy Pvt Ltd. for non-compliance with the directions issued by RBI.

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RBI issues Alert List of Unauthorized Forex Trading Platforms

RBI imposes Rs.5 Crore Monetary Penalty on Citibank

RBI imposes Monetary Penalty on Indian Overseas Bank

Bank of Baroda imposed with Monetary Penalty of Rs. 4.34 crore by RBI

RBI imposes Monetary Penalty on 3 Sahakari Bank for non-compliance with RBI Direction

RBI imposes Monetary Penalty on Sappers Finance and Consultancy Private Limited