Citibank, Bank of Baroda and Indian Overseas Bank fined by the RBI for non-compliance
The Reserve Bank of India (RBI), the banking regulator, has fined Citibank, Bank of Baroda, and Indian Overseas Bank a total of Rs 10.34 crore on November 24 for not following certain rules.
RBI Approved Hinduja Group’s Director to join Reliance Capital’s Board amid Bankruptcy
The Reserve Bank of India (RBI) has approved the appointment for five representatives from the Hinduja Group to join the board of Reliance Capital, which is facing financial challenges, according to sources.
RBI Is Considering Framework Revamp By Increasing Penal Amounts
The Reserve Bank of India (RBI) is considering a thorough review of its penalty framework, Business Standard reported, citing reliable regulatory sources.
RBI Approves Isha Ambani, Anshuman Thakur, And Hitesh Sethia As Directors Of Jio Financial Services
The Reserve Bank of India (RBI) has approved the appointment of Isha Ambani, Anshuman Thakur, and Hitesh Kumar Sethia as Directors of Jio Financial Services.
RBI directs Bajaj Finance to cease lending through ‘eCOM’ and ‘Insta EMI Card’
The banking sector regulator, the Reserve Bank of India (RBI), has taken action under Section 45L(1)(b) of the RBI Act of 1934 and mentioned that Bajaj Finace Limited must follow their instructions with “immediate effect".
Manoranjan Mishra Appointed Executive Director of RBI
The Reserve Bank of India has appointed Manoranjan Mishra as an Executive Director (ED) with effect from November 1, 2023.
The RBI is seeking directors of banks to be more active
The Reserve Bank of India desires increased participation from bank directors in committee and board meetings, particularly in private banks.
RBI Mandates Two Whole-Time Directors for Indian Banks’ Boards
The Reserve Bank of India (RBI) has mandated that Indian banks must now include a minimum of two whole-time directors (WTDs) on their boards, including the managing director and chief executive officer (MD and CEO).
RBI’s Move Against BoB Prompts Other Banks to Tighten Digital Security
The Reserve Bank of India (RBI) recently took strong action against the Bank of Baroda (BoB) by blocking it from adding new customers via its digital app.
Shaktikanta Das asks the directors of the co-op banks to focus on controlling risks
In the Mumbai region, the RBI hosted a symposium for the directors of tier-3 and tier-4 urban cooperative banks (UCBs).