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…
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….
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…
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…
RBI Initiatives to Combat Online Payment Frauds and Streamline Financial Operations The Reserve Bank of India (RBI) has launched several measures to address the increasing risks of online payment frauds and enhance operational efficiencies in the banking sector. These initiatives aim to protect consumers and streamline financial operations, reflecting the RBI’s proactive approach to evolving…
RBI Revises Guidelines for Banks’ Capital Market Exposure in T1 Settlement The Reserve Bank of India (RBI) has recently made significant revisions to the guidelines concerning banks’ exposure to the capital market during T1 settlement. These changes aim to enhance risk management practices and ensure the stability of the financial system. Revised Guidelines Overview The…
RBI Guidelines for SFBs Transitioning to Universal Banks In a significant move, the Reserve Bank of India (RBI) has recently issued guidelines for Small Finance Banks (SFBs) aiming to transition into Universal Banks. This decision marks a pivotal moment in the Indian banking sector, with implications for both financial institutions and aspiring candidates preparing for…
RBI Imposes Penalties on Tamilnad Mercantile Bank and DCB Bank The Reserve Bank of India (RBI) has recently imposed penalties on Tamilnad Mercantile Bank (TMB) and DCB Bank for various regulatory violations. This move by the central bank underscores its commitment to maintaining the integrity and stability of the banking sector in India. Introduction The…
RBI Significantly Raises Bulk Deposit Limit for Large UCBs to ₹1 Crore and Above The Reserve Bank of India (RBI) recently implemented a noteworthy change by substantially elevating the bulk deposit threshold for large Urban Co-operative Banks (UCBs) to ₹1 crore and above. This decision marks a pivotal shift in the financial landscape, reshaping the…
RBI Imposes Fines on 5 Co-operative Banks: Ensuring Financial Discipline The Reserve Bank of India (RBI) recently made a significant move by penalizing five co-operative banks for various non-compliance issues. This action emphasizes the regulator’s commitment to maintaining financial discipline and adherence to regulations within the banking sector. Amidst growing concerns about regulatory violations and…
