Ensuring Digital Payment Surge: RBI Paper Underscores Cybersecurity and Customer Safety
The Reserve Bank highlighted the crucial role of cybersecurity, customer protection, and cost-effectiveness in sustaining the increased adoption of...
![State Declaration on KSCARDB as Cooperative Bank was Struck Down: Supreme Court directs RBI to Revoke Banking License [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Cooperative-Bank-was-Struck-Down-Supreme-Court-directs-RBI-Revoke-Banking-License-Banking-License-Tax-News-TAXSCAN.jpg "State Declaration on KSCARDB as Cooperative Bank was Struck Down: Supreme Court directs RBI to Revoke Banking License [Read Order]")
RBI Penalizes ICICI Bank and Kotak Mahindra with ₹12.19 Cr and ₹3.95 Cr Fines for Regulatory Violations
The Reserve Bank of India (RBI) has imposed fines of ₹12.19 Cr and ₹3.95 Cr on the Industrial Credit and Investment Corporation of India (ICICI) and Kotak Mahindra, respectively, for violations of...
RBI imposes Monetary Penalties on Four Co-operative Banks of Gujarat and West Bengal for Non-Compliance with Regulatory Directions [Read Order]
The Reserve Bank of India (RBI) has imposed a monetary penalty of rupees 6 lakhs on 4 Co-operative Banks of Gujarat and West Bengal for non-Compliance with regulatory directions. The co-operative...
RBI's UDGAM Portal entrusts 30 Banks, Including SBI, Axis, HDFC to Address Unclaimed Deposits: Check Complete Lists of Banks here [Read Press Release]
The Reserve Bank of India (RBI) has assigned 30 banks with the responsibility of managing unclaimed deposits via the UDGAM portal. On August 17, 2023, the RBI Governor introduced a centralized web...
![RBIs UDGAM Portal entrusts 30 Banks, Including SBI, Axis, HDFC to Address Unclaimed Deposits: Check Complete Lists of Banks here [Read Press Release]](https://www.taxscan.in/wp-content/uploads/2023/10/RBI-UDGAM-Portal-entrusts-30-Banks-Including-SBI-Axis-HDFC-Address-Deposits-Check-Complete-Lists-Banks-TAXSCAN.jpg "RBIs UDGAM Portal entrusts 30 Banks, Including SBI, Axis, HDFC to Address Unclaimed Deposits: Check Complete Lists of Banks here [Read Press Release]")