The Apex Bank, Reserve Bank of India ( RBI ) will impose a Fine on Banks for non-availability of Cash in ATMs from October 1, 2021. The RBI has a mandate to issue banknotes and

The Central Government has appointed three external members to the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) after the four year tenure of the earlier nominees ended in September. The Appointments

The Reserve Bank of India ( RBI ), on Friday, issued a notification regarding levy of penal interest on the Banks for delayed reporting of transactions. Presently, penal interest is levied for all cases where

The Reserve Bank of India (RBI) while addressing all Scheduled Commercial Banks (excluding RRBs), all Small Finance Banks, and all Local Area Banks releases the Regulatory Restrictions on Loans and Advances. The RBI has decided

The Reserve Bank of India (RBI) recently issued a press release cautioning the public about fake websites in its name. It has come to the notice of the Reserve Bank of India that a fake

The Reserve Bank of India (RBI) today announced the names of the members of the Overseeing Committee. Earlier, a Press Release issued by the Bank on May 22, 2017, outlined the steps taken and those on

The Central Board of Direct Taxes (CBDT)  notified the specified Bank to mean a banking company appointed as agents of Reserve Bank of India (RBI). “In exercise of the powers conferred by clause (a) of

The Directorate General of Foreign Trade ( DGFT ), through its Notification No. 62/2023 dated February 29, 2024, has introduced a significant amendment to the Foreign Trade Policy, 2023 facilitating  merchanting trade within a single

The Reserve Bank of India (RBI) has come up with a scheme of revival Yes Bank, the public lender which has been put under the control of the central bank. The move comes after the

The Reserve Bank of India (RBI) has specified ten crore rupees as net owned fund (NOF) required for the following categories of nonbanking financial companies to commence or carry on the business of non-banking financial

The Reserve Bank of India (RBI) on Friday issued the review of instructions on Interest on overdue domestic deposits. The RBI has directed all Scheduled Commercial Banks (including RRBs), All Small Finance Banks, All Local

The Reserve Bank of India (RBI) has announced a big break that Rs. 2000 denomination bank notes will be out of the economy soon. Though the RBI stopped the printing of the Rs. 2000 notes,

By order dated June 29, 2023, the Reserve Bank of India (RBI) imposed a penalty of Rs. 1 lakh (one lakh only) on Mumbai's Konkan Mercantile Co-operative Bank Limited for failure to comply with RBI's

The Reserve Bank of India (RBI) has imposed, on February 27, 2018, a monetary penalty of 30 million on Axis Bank Limited (the bank) for non-compliance with the directions issued by RBI on Income Recognition

The Reserve Bank of India (RBI) while taking supervisory action on Mastercard Asia / Pacific Pte. Ltd. imposed the restrictions on Mastercard from On-Boarding new Customers in India from July 22, 2021. Mastercard is a