December 19, 2024
Headlines

Regulatory Compliance

Reliance Capital acquisition news

Reliance Capital Acquisition by IIHL: IRDAI Approval & Implications for Government Exam Preparation

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Reliance Capital’s Acquisition by Hinduja Group’s IIHL Receives IRDAI Approval Reliance Capital, a prominent player in the financial services sector, is set to undergo a significant transition as the acquisition proposal by Hinduja Group’s IndusInd International Holdings Ltd (IIHL) receives approval from the Insurance Regulatory and Development Authority of India (IRDAI). This development holds relevance…

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Bharti Enterprises ICICI Lombard sale

Bharti Enterprises Sells ICICI Lombard Shares for ₹663 Crore: Market Sentiment Analysis

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Bharti Enterprises Sells ICICI Lombard Shares for ₹663 Crore: Transaction Overview In a significant financial move, Bharti Enterprises, a prominent player in various sectors including telecom and agri-business, has sold its shares in ICICI Lombard General Insurance Company Limited. The transaction amounted to a staggering ₹663 crore. This deal marks a strategic shift in the…

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Bank of Baroda World Mobile App

RBI Lifts Restrictions on Bank of Baroda’s World Mobile App: Promoting Digital Banking Solutions

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RBI Lifts Restrictions on Bank of Baroda’s (BoB) World Mobile App The Reserve Bank of India (RBI) has recently lifted the restrictions imposed on Bank of Baroda’s (BoB) World Mobile App. This decision comes after the bank complied with the regulatory norms and rectified the issues pointed out by the central bank. The lifting of…

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RBI monetary penalties co-operative banks

RBI Imposes Monetary Penalties on Co-operative Banks: Ensuring Regulatory Compliance

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RBI Imposes Monetary Penalties on Co-operative Banks The Reserve Bank of India (RBI) has recently taken a decisive step by imposing monetary penalties on several co-operative banks across the country. This move comes as part of the RBI’s ongoing efforts to enforce regulatory compliance and maintain the stability of the banking sector. Background of the…

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RBI license cancellation news

RBI Cancels AceMoney India NBFC License: Impact on Financial Sector and Consumer Protection

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RBI Cancels AceMoney India NBFC License for Irregular Lending Practices The Reserve Bank of India (RBI) has taken stringent action against AceMoney India, a Non-Banking Financial Company (NBFC), by revoking its license due to irregular lending practices. The move comes in response to AceMoney India’s failure to comply with regulatory guidelines and norms set by…

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Patanjali Ayurved license suspension

Patanjali Ayurved License Suspension: Uttarakhand Government Takes Action

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Uttarakhand Suspends Licences of 14 Patanjali Ayurved Products In a recent development, the Uttarakhand government has suspended the licenses of 14 Patanjali Ayurved products for allegedly failing to meet the required quality standards. This decision comes after samples of these products reportedly failed quality tests. The affected products include popular items like Divya Dant Manjan,…

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Kotak Mahindra Bank share price plunge

Kotak Mahindra Bank Share Price Plunge: RBI Regulatory Action Impact and Banking Sector Compliance

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Kotak Mahindra Bank Share Plunges 10% on RBI Action The stock market was rife with activity as Kotak Mahindra Bank, one of India’s leading private sector banks, witnessed a significant dip in its share prices by 10%. This plunge came in response to regulatory action taken by the Reserve Bank of India (RBI) regarding the…

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RBI penalties news update

RBI Imposes Penalties on IDFC First Bank and LIC Housing Finance: Regulatory Breaches Update

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RBI Imposes Penalties on IDFC First Bank and LIC Housing Finance The Reserve Bank of India (RBI) has recently imposed penalties on IDFC First Bank and LIC Housing Finance. This action comes as a consequence of various regulatory breaches by these financial institutions. The penalties, amounting to significant sums, highlight the regulatory vigilance maintained by…

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RBI monetary penalties co-operative banks

RBI Monetary Penalties on Co-operative Banks: Importance of Regulatory Compliance

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RBI Imposes Monetary Penalties on 5 Co-operative Banks In a recent development, the Reserve Bank of India (RBI) has imposed monetary penalties on five co-operative banks for various violations. This action comes as part of the central bank’s efforts to ensure compliance and maintain the stability of the banking sector. Penalties Imposed: Response from RBI:…

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TMB and DCB Bank penalties

RBI Imposes Penalties on Tamilnad Mercantile Bank and DCB Bank

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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…

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