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…
Garuda Aerospace Secures DGCA’s Second Type Certificate Garuda Aerospace, a prominent player in the Indian drone industry, recently achieved a significant milestone by obtaining the second Type Certificate from the Directorate General of Civil Aviation (DGCA). This certification marks a pivotal moment in the realm of unmanned aerial vehicles (UAVs) and reinforces Garuda Aerospace’s commitment…
Govt Cancels IDBI Bank Asset Valuer Appointment; Bidding Fresh RFP to Be Issued The Government has recently taken a pivotal decision regarding the appointment of an asset valuer for IDBI Bank, canceling the existing appointment and announcing plans to issue a fresh Request for Proposal (RFP). This significant move has stirred discussions within the financial…
RBI Imposes Penalty Worth ₹1 Crore on Union Bank The Reserve Bank of India (RBI) has recently imposed a penalty of ₹1 crore on Union Bank of India for failing to adhere to regulatory guidelines. This action highlights the importance of compliance and the consequences that banks may face for non-compliance. In this article, we…
SEBI Initiates Probe into Adani Group’s Gulf Ties The Securities and Exchange Board of India (SEBI), the regulatory body overseeing the securities market in the country, has recently initiated an investigation into the financial dealings and investments of the Adani Group in the Gulf region. This development has sparked interest and concern across various sectors,…
RBI Imposed Monetary Penalties on Yet Another Three Co-operative Banks The Reserve Bank of India (RBI) continues its efforts to maintain the stability and integrity of the Indian banking sector. In its latest move, the RBI imposed monetary penalties on three co-operative banks for various regulatory violations. This development has significant implications for candidates preparing…
RBI Imposes Monetary Penalties on Four Cooperative Banks The Reserve Bank of India (RBI) recently made headlines by imposing monetary penalties on four cooperative banks operating in the country. This move has significant implications for candidates preparing for various government exams, including those aspiring to become teachers, police officers, banking professionals, railway employees, and civil…
CCI Imposes Penalty on Bharti Airtel In a recent development, the Competition Commission of India (CCI) has imposed a penalty on Bharti Airtel, one of India’s leading telecommunications companies. This decision has significant implications, not only for the telecom industry but also for students preparing for various government exams, including civil services, banking, police, railways,…
RBI Grants Non-Banking Institution License to Mahalaxmi Cooperative Bank, Cancels Banking Permit The Reserve Bank of India (RBI) recently made a significant decision regarding Mahalaxmi Cooperative Bank. In a move to address the bank’s financial stability and ensure the smooth functioning of the cooperative banking sector, the RBI granted a non-banking institution license to Mahalaxmi…
RBI Imposes Penalties on Standard Chartered Bank and Credit Bureaus, Penalizes Cooperative Banks as Well The Reserve Bank of India (RBI) recently took stringent actions against Standard Chartered Bank and credit bureaus for non-compliance with regulatory guidelines. In addition, several cooperative banks also faced penalties for various violations. These developments have significant implications for students…
