Banking Regulation Act

The RBI said a penalty of Rs 1.91 crore has been imposed on Axis Bank for contravention of certain provisions of the Banking Regulation Act, and non-compliance with certain directions.

Beleaguered Paytm Payments Bank's managing director and CEO Surinder Chawla has resigned from the company, a regulatory filing said on Tuesday. Chawla's resignation comes amidst Paytm Payments Bank facing prohibitory action from banking regulator RBI.

The UK has officially regulated the crypto sector under its newly passed Financial Services and Markets Act 2023. With regulating the crypto sector, the UK is essentially gearing up to bank on all the growth and employment opportunities that the industry unlocks in fintech.

The CBI alleged that ICICI Bank sanctioned credit facilities to the tune of Rs 3,250 crore to the companies of Videocon Group in violation of the Banking Regulation Act, RBI guidelines and the credit policy of the bank.

Coinbase on Tuesday announced that it had gained approval from the central bank of Singapore, as the crypto exchange received permission to offer its services in the region. The company said it had been building up its presence in Singapore and currently had nearly 100 employees, mostly comprised of product engineers. Singapore plans to roll out ne...

The rise of fintech services and digital banking could spur financial risks and potentially a crisis over the long term, Michael Hsu, Acting Comptroller of the Currency, a major U.S. bank regulator, warned on Wednesday.

The rise of fintech services and digital banking could spur financial risks and potentially a crisis over the long term, Michael Hsu, Acting Comptroller of the Currency, a major U.S. bank regulator, warned on Wednesday.

RBI has cautioned people against co-operative societies which are using the word "bank" in their titles and accepting deposits from non-members

Government is likely to table amendments in the Banking Regulation Act 1949 during the forthcoming Winter session of Parliament

The Reserve Bank of India (RBI) on Monday imposed a monetary penalty of Rs 2 crore on RBL Bank. The penalty is "for contravention of section 28 (h) of the RBI (Interest Rate on Deposits) Directions, 2016 and for non-compliance with the provisions of clause (b) of sub-section (2) of section 10A of the Banking Regulation Act, 1949 (the Act)," the cen...

Minister of State for Home Affairs Nityanand Rai informed that under the Foreign Contribution (Regulation) Amendment Act 2020, all foreign-funded NGOs have to compulsorily open an FCRA account in State Bank of India's main branch at Delhi

RBI said Dr Shivajirao Patil Nilangekar Urban Co-operative Bank does not have adequate capital and earning prospects, and does not comply with the provisions of the Banking Regulation Act, 1949.

The Reserve Bank of India (RBI) on Friday, May 28, imposed a monetary penalty of Rs 10 crore on HDFC Bank for violation of provisions under various sections of the Banking Regulation Act

The Banking Regulation (Amendment) Act, 2020 has been notified for state cooperative banks and district cooperative banks effective April 1, 2021.

Some NGOs informed the court that despite receiving approval from Ministry of Home Affairs, SBI was delaying opening of accounts under the Foreign Contribution (Regulation) Act (FCRA).

The RBI said a penalty of Rs 1.91 crore has been imposed on Axis Bank for contravention of certain provisions of the Banking Regulation Act, and non-compliance with certain directions.

Beleaguered Paytm Payments Bank's managing director and CEO Surinder Chawla has resigned from the company, a regulatory filing said on Tuesday. Chawla's resignation comes amidst Paytm Payments Bank facing prohibitory action from banking regulator RBI.

The UK has officially regulated the crypto sector under its newly passed Financial Services and Markets Act 2023. With regulating the crypto sector, the UK is essentially gearing up to bank on all the growth and employment opportunities that the industry unlocks in fintech.

The CBI alleged that ICICI Bank sanctioned credit facilities to the tune of Rs 3,250 crore to the companies of Videocon Group in violation of the Banking Regulation Act, RBI guidelines and the credit policy of the bank.

Coinbase on Tuesday announced that it had gained approval from the central bank of Singapore, as the crypto exchange received permission to offer its services in the region. The company said it had been building up its presence in Singapore and currently had nearly 100 employees, mostly comprised of product engineers. Singapore plans to roll out ne...

The rise of fintech services and digital banking could spur financial risks and potentially a crisis over the long term, Michael Hsu, Acting Comptroller of the Currency, a major U.S. bank regulator, warned on Wednesday.

The rise of fintech services and digital banking could spur financial risks and potentially a crisis over the long term, Michael Hsu, Acting Comptroller of the Currency, a major U.S. bank regulator, warned on Wednesday.

RBI has cautioned people against co-operative societies which are using the word "bank" in their titles and accepting deposits from non-members

Government is likely to table amendments in the Banking Regulation Act 1949 during the forthcoming Winter session of Parliament

The Reserve Bank of India (RBI) on Monday imposed a monetary penalty of Rs 2 crore on RBL Bank. The penalty is "for contravention of section 28 (h) of the RBI (Interest Rate on Deposits) Directions, 2016 and for non-compliance with the provisions of clause (b) of sub-section (2) of section 10A of the Banking Regulation Act, 1949 (the Act)," the cen...

Minister of State for Home Affairs Nityanand Rai informed that under the Foreign Contribution (Regulation) Amendment Act 2020, all foreign-funded NGOs have to compulsorily open an FCRA account in State Bank of India's main branch at Delhi

RBI said Dr Shivajirao Patil Nilangekar Urban Co-operative Bank does not have adequate capital and earning prospects, and does not comply with the provisions of the Banking Regulation Act, 1949.

The Reserve Bank of India (RBI) on Friday, May 28, imposed a monetary penalty of Rs 10 crore on HDFC Bank for violation of provisions under various sections of the Banking Regulation Act

The Banking Regulation (Amendment) Act, 2020 has been notified for state cooperative banks and district cooperative banks effective April 1, 2021.

Some NGOs informed the court that despite receiving approval from Ministry of Home Affairs, SBI was delaying opening of accounts under the Foreign Contribution (Regulation) Act (FCRA).