May 20, 2025
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Banking Regulations

Sumant Kathpalia resignation IndusInd Bank

IndusInd Bank CEO Sumant Kathpalia Resigns Amid ₹2,000 Crore Derivatives Accounting Lapse – Banking Sector News

Prateek09 mins

Introduction: A Major Setback for IndusInd Bank On April 29, 2025, Sumant Kathpalia, the CEO and Managing Director of IndusInd Bank, resigned following a significant accounting discrepancy in the bank’s derivatives portfolio. The lapse, which surfaced in March 2025, is estimated to have impacted the bank’s financial standing by approximately ₹2,000 crore. Kathpalia’s resignation underscores…

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RBI penalties on financial institutions

RBI Penalty on Citibank, Asirvad Micro Finance, and JM Financial for Banking Violations

Prateek07 mins

RBI Penalizes Three Financial Institutions for Non-Compliance The Reserve Bank of India (RBI) has imposed monetary penalties on Citibank N.A., Asirvad Micro Finance Ltd., and JM Financial Products Ltd. for failing to comply with regulatory guidelines. The central bank took action after identifying lapses in their operations, violating specific provisions of the Banking Regulation Act,…

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RBI clears Kotak Mahindra Bank digital onboarding

RBI Clears Kotak Mahindra Bank’s Digital Onboarding Ban – A Landmark Decision for Digital Banking in India

Prateek011 mins

RBI Clears Kotak Mahindra Bank’s Digital Onboarding Ban – A Game-Changer for Banking Sector Introduction to the News The Reserve Bank of India (RBI) has officially lifted the ban on Kotak Mahindra Bank’s digital onboarding process. The ban was imposed in 2022 due to concerns over certain regulatory issues with the bank’s procedures for onboarding…

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RBI Fines Federal Bank and Karur Vysya Bank for Regulatory Violations: KYC and AML Breaches

Prateek010 mins

RBI Fines Federal Bank and Karur Vysya Bank for Rule Violations: A Comprehensive Overview The Reserve Bank of India (RBI) has imposed significant penalties on two prominent banks, Federal Bank and Karur Vysya Bank, for violations of regulatory norms. This move reflects RBI’s continued efforts to ensure that financial institutions operate with transparency and adhere…

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RBI guidelines for ARCs 2025

RBI Tightens Guidelines for ARCs in 2025: Impact on Borrower Settlements and Financial Sector

Prateek012 mins

RBI Tightens Guidelines for ARCs in Borrower Settlements Introduction to the New Guidelines by RBI The Reserve Bank of India (RBI) has recently implemented stricter guidelines for Asset Reconstruction Companies (ARCs) in handling borrower settlements. These changes are aimed at improving the transparency and accountability of ARCs while ensuring that borrower interests are protected. The…

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RBI fines Manappuram Finance and IndusInd Bank

RBI Fines Manappuram Finance and IndusInd Bank for Non-Compliance – A Detailed Overview

Prateek09 mins

RBI Fines Manappuram Finance and IndusInd Bank for Non-Compliance: A Detailed Overview The Reserve Bank of India (RBI) has recently imposed fines on two prominent financial institutions, Manappuram Finance and IndusInd Bank, for non-compliance with various regulatory requirements. This development is significant as it reflects the RBI’s continued efforts to ensure adherence to banking and…

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RBI fines Axis Bank and HDFC Bank

RBI Fines Axis Bank and HDFC Bank for Non-Compliance – What You Need to Know

Prateek010 mins

RBI Fines Axis Bank and HDFC Bank for Non-Compliance: What You Need to Know Overview of the News In a significant regulatory action, the Reserve Bank of India (RBI) has imposed substantial fines on Axis Bank and HDFC Bank for non-compliance with certain regulatory norms. This move underscores the RBI’s ongoing efforts to enforce adherence…

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RBI revised NPA norms cooperative banks

RBI Revises NPA Provisioning Norms for Cooperative Banks – Key Updates and Implications

Prateek09 mins

RBI Revises NPA Provisioning Norms for Cooperative Banks Introduction to the Revised Norms The Reserve Bank of India (RBI) has announced a significant revision to the Non-Performing Asset (NPA) provisioning norms for cooperative banks. This change, introduced on August 5, 2024, aims to enhance the financial stability of cooperative banks and ensure better risk management….

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RBI penalties on banks compliance

RBI Penalties: Central Bank of India and Sonali Bank PLC Violations

Prateek08 mins

RBI Penalizes Central Bank of India and Sonali Bank PLC for Violations The Reserve Bank of India (RBI) recently imposed penalties on Central Bank of India and Sonali Bank PLC for regulatory violations. This action underscores the central bank’s commitment to maintaining discipline and adherence to financial regulations in the banking sector. Penalties Imposed Central…

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RBI award 2024 recognition

RBI Wins Risk Manager of the Year Award 2024: A Testament to Innovative Risk Management

Prateek010 mins

RBI Bags Risk Manager of the Year Award 2024 by London’s Central Banking Publication The Reserve Bank of India (RBI) has been honored with the prestigious “Risk Manager of the Year Award 2024” by London’s Central Banking Publication. This accolade recognizes the RBI’s exceptional risk management practices and its proactive approach in navigating the complex…

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