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RBI imposes Penalty on HDFC Bank

The Reserve Bank of India (RBI) has, by an order dated January 29, 2020, imposed a monetary penalty of ₹ 1 crore on HDFC Bank Limited for...

RBI issues Revised Guidelines for Merchanting Trade Transactions

RBI issues directions for permitting Rupee derivatives to be traded in IFSCs

ICSI approves to authorize the Company Secretary in Practice for appointment as Authorized...

RBI allows Financial Institutions to Conduct Business in Indian National Rupee in IFSC [Read...

RBI Enhances Security of Card Transactions

The Reserve Bank of India (RBI) has enhanced the Security of Card Transactions. Over the years, the volume and value of transactions made through cards have increased manifold. In a Communication...

Dr. Michael Debabrata Patra appointed as RBI Deputy Governor

In pursuance with the Government of India notification dated January 14, 2020, Dr. Michael Debabrata Patra took over as the Deputy Governor of Reserve Bank of India today for a period of three years...

Financial Analyst vacancy in American Express

The American Express has invited applications from M.Com/ MBA / CA (inter) for the post of Financial Analyst. American Express is a global service company, providing customers with exceptional access...

American Express - Financial Analyst - jobscan - Taxscan

RBI issues Cyber Security Controls Guidelines for Third party ATM Switch Application Service Providers

The Reserve Bank of India (RBI) has issued the Cyber Security Controls Guidelines for Third-party ATM Switch Application Service Providers. The RBI observed that a number of RBI Regulated Entities...

RBI Extends Relaxation on Guidelines to NBFCs on Securitisation Transactions

The Reserve Bank of India ( RBI ) has extended the relaxation of the guidelines to Non-Banking Financial Companies ( NBFCs ) on Securitisation Transactions. The RBI asked to refer circular DNBR...

Digital Payments: RBI Introduces New Type of Semi-Closed Prepaid Payment Instrument upto Rs.10k

The Reserve Bank of India ( RBI ) has introduced a new type of semi-closed Prepaid Payment Instrument (PPI) – PPIs up to Rs. 10,000/- with loading only from the bank account to promote Digital...

No Levy Charges on Fund Transfers made via NEFT System: RBI directs to Bank

The Reserve Bank of India (RBI) has directed banks participating in the NEFT system not to levy charges from their savings bank account holders for funds transfers done through NEFT system which is...

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