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RBI Imposes Rs 75 Lakh Penalty On HDFC Bank For Breach Of Norms
The Reserve Bank of India (RBI) has imposed a penalty of Rs 75 lakh on HDFC Bank, the country's largest private sector lender, for not complying with directions in the RBI's Know Your Customer (KYC) master direction, according to officials.
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Banking Sector Must Continue To Innovate, Lead Amid Changing Landscape: N Sitharaman
Finance Minister Nirmala Sitharaman on Saturday said the banking sector must continue to innovate and lead amid the changing global landscape
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India Needs 7.8% Growth To Become High-Income Country By 2047: World Bank
India will need to grow at an average 7.8 per cent to become a high-income country by 2047, a World Bank report said on Friday.
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Government To Receive Rs 2.56 Lakh Crore As Dividend From RBI, Public Banks In FY26
The government on Saturday projected a dividend income of Rs 2.56 lakh crore from the Reserve Bank and public sector financial institutions in FY2025-25, as per the Budget documents.
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RBI Shares Observations Around Tokenisation, Crypto in Financial Stability Report 2024
As per the RBI, asset tokenisation is a rapidly evolving financial innovation still in its early stages, currently presenting minimal concerns. However, the central bank also cautioned that the widespread adoption of crypto assets could potentially impact macroeconomic and financial stability.
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SBI Invites Applications for Over 14,000 Clerk Positions, Check Details Here
SBI Recruitment 2024: Vacancies include 1,894 for Lucknow/New Delhi, 1,317 for Bhopal, 1,254 for Kolkata, 1,111 for Bihar, and 50 for Leh Ladakh.
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High Employee Attrition of 25% In Private Banks Pose Operational Risk: RBI Report
Employee attrition in private sector banks has witnessed an increase to about 25 per cent and this high turnover rate poses significant operational risk, according to the latest Report on Trend and Progress of Banking in India 2023-24.
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Central Bank Of India Hiring For Specialist Officer Posts, Check Selection Process
Central Bank Of India SO Recruitment 2024: The recruitment drive aims to fill a total of 62 posts within the organisation. The application process began on December 27 and will conclude on January 12, 2025.
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Indian Share Market Opens In Green, Nifty Above 23,800
The Indian stock market opened higher on Thursday as buying was seen in the PSU bank, auto, financial service and metal sectors on Nifty.
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15,000 Crore Of Vijay Mallya, Nirav Modi's Assets Restored To Banks: Centre
Properties worth Rs 14,131 crore - that once belonged to Vijay Mallya - have been seized and handed to public and private sector banks to pay off a part of the fugitive businessman's substantial debts, Finance Minister Nirmala Sitharaman said.
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"Insult To Citizens": N Sitharaman On Rahul Gandhi's Public Bank Remarks
Finance Minister Nirmala Sitharaman termed the allegation of Leader of Opposition Rahul Gandhi against state-owned banks a "misrepresentation of facts" and an "insult to the hardworking employees and to the citizens".
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Banking Laws Amendment Bill To Strengthen Governance: N Sitharaman
Finance Minister Nirmala Sitharaman said on Tuesday that the Banking Laws (Amendment) Bill will strengthen governance in Indian banking sector besides enhancing consumer's and customer's convenience.
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Union Bank Of India Invites Applications For 1,500 Local Bank Officer Positions
Union Bank Of India Recruitment 2024: Applicants must possess a full-time Bachelor's Degree in any field from a University or Institution recognised by the Government of India or its regulatory bodies.
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Sugar Content In Baby Foods Among Issues Under Parliamentary Panel Scanner
Sugar content in packaged baby foods, safeguarding consumer rights in the banking sector and rising prices of medicines are some of the issues that have come under the scanner of the parliamentary panels.
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Policy Measures Taken To Boost Social Impact Of FinTech In India: PM Modi
Prime Minister Narendra Modi on Friday said the government is taking various measures at the policy level to promote the fintech sector, which attracted over USD 31 billion in investments in the last 10 years, and the abolition of the Angel Tax is al
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RBI Imposes Rs 75 Lakh Penalty On HDFC Bank For Breach Of Norms
The Reserve Bank of India (RBI) has imposed a penalty of Rs 75 lakh on HDFC Bank, the country's largest private sector lender, for not complying with directions in the RBI's Know Your Customer (KYC) master direction, according to officials.
-
Banking Sector Must Continue To Innovate, Lead Amid Changing Landscape: N Sitharaman
Finance Minister Nirmala Sitharaman on Saturday said the banking sector must continue to innovate and lead amid the changing global landscape
-
India Needs 7.8% Growth To Become High-Income Country By 2047: World Bank
India will need to grow at an average 7.8 per cent to become a high-income country by 2047, a World Bank report said on Friday.
-
Government To Receive Rs 2.56 Lakh Crore As Dividend From RBI, Public Banks In FY26
The government on Saturday projected a dividend income of Rs 2.56 lakh crore from the Reserve Bank and public sector financial institutions in FY2025-25, as per the Budget documents.
-
RBI Shares Observations Around Tokenisation, Crypto in Financial Stability Report 2024
As per the RBI, asset tokenisation is a rapidly evolving financial innovation still in its early stages, currently presenting minimal concerns. However, the central bank also cautioned that the widespread adoption of crypto assets could potentially impact macroeconomic and financial stability.
-
SBI Invites Applications for Over 14,000 Clerk Positions, Check Details Here
SBI Recruitment 2024: Vacancies include 1,894 for Lucknow/New Delhi, 1,317 for Bhopal, 1,254 for Kolkata, 1,111 for Bihar, and 50 for Leh Ladakh.
-
High Employee Attrition of 25% In Private Banks Pose Operational Risk: RBI Report
Employee attrition in private sector banks has witnessed an increase to about 25 per cent and this high turnover rate poses significant operational risk, according to the latest Report on Trend and Progress of Banking in India 2023-24.
-
Central Bank Of India Hiring For Specialist Officer Posts, Check Selection Process
Central Bank Of India SO Recruitment 2024: The recruitment drive aims to fill a total of 62 posts within the organisation. The application process began on December 27 and will conclude on January 12, 2025.
-
Indian Share Market Opens In Green, Nifty Above 23,800
The Indian stock market opened higher on Thursday as buying was seen in the PSU bank, auto, financial service and metal sectors on Nifty.
-
15,000 Crore Of Vijay Mallya, Nirav Modi's Assets Restored To Banks: Centre
Properties worth Rs 14,131 crore - that once belonged to Vijay Mallya - have been seized and handed to public and private sector banks to pay off a part of the fugitive businessman's substantial debts, Finance Minister Nirmala Sitharaman said.
-
"Insult To Citizens": N Sitharaman On Rahul Gandhi's Public Bank Remarks
Finance Minister Nirmala Sitharaman termed the allegation of Leader of Opposition Rahul Gandhi against state-owned banks a "misrepresentation of facts" and an "insult to the hardworking employees and to the citizens".
-
Banking Laws Amendment Bill To Strengthen Governance: N Sitharaman
Finance Minister Nirmala Sitharaman said on Tuesday that the Banking Laws (Amendment) Bill will strengthen governance in Indian banking sector besides enhancing consumer's and customer's convenience.
-
Union Bank Of India Invites Applications For 1,500 Local Bank Officer Positions
Union Bank Of India Recruitment 2024: Applicants must possess a full-time Bachelor's Degree in any field from a University or Institution recognised by the Government of India or its regulatory bodies.
-
Sugar Content In Baby Foods Among Issues Under Parliamentary Panel Scanner
Sugar content in packaged baby foods, safeguarding consumer rights in the banking sector and rising prices of medicines are some of the issues that have come under the scanner of the parliamentary panels.
-
Policy Measures Taken To Boost Social Impact Of FinTech In India: PM Modi
Prime Minister Narendra Modi on Friday said the government is taking various measures at the policy level to promote the fintech sector, which attracted over USD 31 billion in investments in the last 10 years, and the abolition of the Angel Tax is al
