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Reserve Bank of India

RBI announces Opening of First Cohort under the Regulatory Sandbox

Taxscan Team

The Reserve Bank of India ( RBI ) announces the opening of first cohort under the Regulatory Sandbox (RS) with ‘Retail Payments’, as its theme. The...

RBI enhances Withdrawal Limit for Depositors of Punjab and Maharashtra Cooperative Bank Ltd to ₹ 25k

Banks collected Rs 9,721 cr in Minimum Balance Penalty

RBI releases Draft Report of the Internal Working Group on Comprehensive Review of Market Timings

RBI releases Financial Benchmark Administrators (Reserve Bank) Directions, 2019 under section 45 W...

RBI launches Complaint Management System to lodge Complaints against Entities regulated by Reserve Bank

The “Complaint Management System (CMS)” of Reserve Bank of India ( RBI ) was launched by the Governor, RBI today. It is a software application to facilitate RBI’s grievance redressal processes....

RBI publishes ‘Payment and Settlement Systems in India: Vision 2019 – 2021’

The Reserve Bank of India ( RBI ) has today placed on its website the “Payment and Settlement Systems in India: Vision 2019 – 2021”. The Payment Systems Vision 2021 with its core theme of ‘Empowering...

Former RBI Chief Slams Demonetisation, says GST Glitches are not ‘Unfixable’

In a major setback to the Government’s decision to scrap rupees 1000 and 500 notes, the Former Governor of Reserve Bank of India (RBI) Raghuram Rajan reiterated that the decision of demonetization was...

Bad Loans: Around 40 Chartered Accountants are under RBI Lens

In a bid to cracking the whip on bad loans, the Reserve Bank of India (RBI) is monitoring more than three dozen chartered accountants allegedly conniving with promoters in defaulting as well as...

RBI imposes Monetary Penalty on ICICI Bank

The Reserve Bank of India (RBI) has imposed through an order dated March 26, 2018, a monetary penalty of ₹589 million on ICICI Bank Limited (the bank) for non-compliance with directions issued by RBI...

RBI Notifies Due Dates for Filing Returns by NBFCs [Read Notification]

The Reserve Bank of India ( RBI ) has notified the due dates for the submission of returns by the Non-Banking Financial Companies (NBFCs) as mandated by the provisions of the Reserve Bank of India...

RBI imposes Monetary Penalty on Airtel Payments Bank Limited

The Reserve Bank of India (RBI) has imposed, on March 07, 2018, a monetary penalty of ₹ 50 million on Airtel Payments Bank Limited (the bank) for contravening the ‘Operating Guidelines for Payments...

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