RBI Lifts Supervisory Restrictions on Navi Finserv The Reserve Bank of India (RBI) has recently removed the supervisory restrictions placed on Navi Finserv. These restrictions were imposed on the financial services company due to certain regulatory concerns. The lifting of these restrictions marks a significant step for Navi Finserv in its operations and governance, as…
RBI Updates Alert List of Unauthorized Forex Trading Platforms The Reserve Bank of India (RBI) has recently updated its alert list, identifying unauthorized foreign exchange (forex) trading platforms. This move is part of the central bank’s ongoing efforts to protect investors and promote transparency in the financial market. The RBI has emphasized the need for…
Cancellation of FCRA License of International Cooperative Alliance: An Overview The International Cooperative Alliance (ICA), a prominent global organization representing cooperative enterprises, has had its Foreign Contribution Regulation Act (FCRA) license canceled by the Indian government. This decision has significant implications for the organization, which focuses on promoting and supporting cooperatives across various sectors. Background…
SIF 2024 Unveils World’s First AI-Powered Trade Licence Service Introduction The Singapore International Foundation (SIF) 2024 has announced the launch of the world’s first AI-powered trade licence service. This ground-breaking initiative is designed to streamline and automate the process of applying for trade licences, making it more efficient for businesses across various sectors. The system…
RBI Imposes Penalties on Godrej Housing, HUDCO, and Aadhar Housing Finance Overview of the Penalties In a recent move aimed at enforcing regulatory compliance, the Reserve Bank of India (RBI) has imposed penalties on three prominent housing finance institutions: Godrej Housing Finance, Housing and Urban Development Corporation (HUDCO), and Aadhar Housing Finance. The penalties stem…
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 Cancels Purvanchal Cooperative Bank’s Licence Financial Insufficiency and Regulatory Action The Reserve Bank of India (RBI) has revoked the licence of Purvanchal Co-operative Bank, situated in Ghazipur, Uttar Pradesh. The decision stems from the bank’s failure to maintain sufficient capital and sustainable earnings. This financial inadequacy led the RBI to take regulatory action to…
RBI Imposes Business Restrictions on Edelweiss Group Overview of RBI’s Action The Reserve Bank of India (RBI) has imposed significant business restrictions on Edelweiss Group’s lending and asset reconstruction entities. This move aims to address concerns related to loan manipulation and structured transactions that allegedly circumvented regulatory norms. Edelweiss Asset Reconstruction Company Ltd (EARCL) and…
RBI Imposes Rs. 3.1 Lakh Penalty on Hero FinCorp for Fair Practices Code Violation Overview of the Incident The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs. 3.1 lakh on Hero FinCorp Limited. The fine was levied due to the company’s failure to adhere to the Fair Practices Code (FPC) guidelines…
SEBI’s Amendments to LODR Regulations: Enhancing Market Capitalization Computation Introduction to SEBI’s Amendments The Securities and Exchange Board of India (SEBI) has introduced significant amendments to the Listing Obligations and Disclosure Requirements (LODR) Regulations. These changes are poised to impact the computation of market capitalization, aligning it with international standards and ensuring greater transparency in…
