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The RBI stated in a circular issued that it will directly regulate all firms that facilitate cross-border payment transactions for the import and export of goods and services.

RBI to directly regulate entities facilitating cross border payment transactions

The Reserve Bank of India (RBI) has appointed Shri Manoranjan Mishra as Executive Director with effect from November 01, 2023.

RBI appoints Shri Manoranjan Mishra as new Executive Director

The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs.13.10 lakhs on 5 Cooperative Banks for non-compliance with RBI Directions.

RBI imposes Monetary Penalty on 5 Cooperative Banks for non-compliance with RBI Directions

RBI had announced withdrawal of Rs.2000 denomination banknotes from circulation in May 2023 and now has extended the Due Date to deposit Rs.2000 banknotes.

Due Date to deposit Rs.2000 Denomination Banknotes extended till Oct 7, 2023

The Reserve Bank of India (RBI) has cancelled licence of Lucknow Urban Co-operative Bank Ltd., Lucknow, Uttar Pradesh.

RBI cancels licence of Urban Co-operative Bank

The Reserve Bank of India has imposed monetary penalty of Rs.61 Lakhs on 3 Co-operative Banks for contravention of the provisions and non-compliance with the directions issued by RBI.

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RBI to directly regulate entities facilitating cross border payment transactions

RBI appoints Shri Manoranjan Mishra as new Executive Director

RBI imposes Monetary Penalty on 5 Cooperative Banks for non-compliance with RBI Directions

Due Date to deposit Rs.2000 Denomination Banknotes extended till Oct 7, 2023

RBI cancels licence of Urban Co-operative Bank

RBI imposed Monetary Penalty on 3 Co-operative Banks; Know Reason