The Reserve Bank of India has imposed monetary penalties onIDBI Bank Limited and Citibank under the Foreign Exchange ...
RBI clarified that the penalty was imposed for compliance deficiencies and did not impact the validity of the bank’s ...
After the Reserve Bank of India (RBI) asked lenders to tighten the gold loans processes in September last year, the new ...
While IDBI Bank was penalised due to violation of Foreign Currency Account guidelines, Citibank faced a penalty for ...
The Indian rupee's direction this week will be determined by the continuation of dollar inflows and the degree to which the ...
According to the RBI, IndusInd Bank reported a Capital Adequacy Ratio (CAR) of 16.46 per cent and a Provision Coverage Ratio ...
A year has passed since Indians in Nepal were allowed to make quick response code payments through their mobile phones.
The Reserve Bank will continue to promote innovations in payment systems with soft touch regulations within regulatory ...
The move is expected to streamline trade settlements and reduce dependency on third-party currencies. The circular, issued under Sections 10 (4) and 11 (1) of the Foreign Exchange Management Act (FEMA ...
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