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Nov 28, 20212 min read
RBI imposes a penalty of ₹1.00 Crore on SBI for contravention of Sec 19(2) of Banking Regulation Act
The Reserve Bank of India (RBI) has, by an order dated 16 November 2021, imposed a monetary penalty of ₹1.00 Crore (Rupees One Crore...
Nov 28, 20211 min read
RBI cancels the licence of Shivalik Mercantile Co-operative Bank Ltd upon its transition to Small FB
Reserve Bank of India (RBI) notified that the licence of Shivalik Mercantile Co-operative Bank Ltd. has been cancelled upon its...
Nov 22, 20211 min read
RBI includes the 'Baroda UP Bank, Gorakhpur, Uttar Pradesh' in the second schedule of the RBI Act
The Reserve Bank of India (RBI) announced that the name of Baroda UP Bank has been included to and names of three erstwhile Regional...
Nov 22, 20212 min read
RBI announces Draft Scheme of Amalgamation of the Punjab and Maharashtra Cooperative Bank with USFB
The Reserve Bank of India (RBI) has today placed in the public domain a draft scheme of amalgamation of The Punjab and Maharashtra...
Nov 18, 20211 min read
IBBI organised a Webinar on Digitalisation of Insolvency Processes
IBBI organised in association with the National E-governance Services Limited (NeSL) and the Indian Institute of Insolvency Professionals...
Nov 17, 20212 min read
The Reserve Bank - Integrated Ombudsman Scheme, 2021
The Reserve Bank - Integrated Ombudsman Scheme, 2021 was launched on Friday in virtual mode by Hon’ble Prime Minister Shri Narendra Modi....
Nov 16, 20212 min read
IBBI in association with the British High Commission organizes a webinar on Voluntary Liquidation
The Insolvency & Bankruptcy Code, 2016 (IBC), inter alia, provides for Voluntary Liquidation Process wherein a corporate person, who has...
Nov 11, 20211 min read
RBI lifts the business restrictions imposed on Diners Club International Ltd
In view of the satisfactory compliance demonstrated by Diners Club International Ltd. with the Reserve Bank of India (RBI) circular dated...
Nov 1, 20212 min read
IBBI organises a Training of the Trainers (ToT) programme, for Insolvency Professionals
As part of the ongoing ‘Azadi Ka Amrit Mahotsav’ celebrations, the Insolvency and Bankruptcy Board of India (IBBI), in association with...
Nov 1, 20213 min read
RBI reminds banks, there is a need for discipline in the opening of Current Accounts
The Reserve Bank of India (RBI) referred to its circular DOR.No.BP.BC/7/21.04.048/2020-21 dated 6 August 2020 and reminded that there is...
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