MONEY & BANKING


Moneylife Digital Team 13 February 2026
Reserve Bank of India (RBI) has imposed a penalty of ₹5 lakh on two cooperative banks for non-compliance with the directions issued by the banking regulator. The highest penalty of ₹3 lakh has been imposed on Rajasthan-based Ganganagar Kendriya Sahkari Bank Ltd.   Berhampur Cooperative Urban...

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Bar  and   Bench 12 February 2026
The Bombay High Court on Thursday took exception to Vijay Mallya trying to secure relief from court while avoiding Indian authorities by staying in United Kingdom as a fugitive (Vijay Mallya v. Union of India & Ors.).   A Bench of Chief Justice Shree Chandrashekhar and Justice Gautam Ankhad...

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Moneylife Digital Team 12 February 2026
In a significant ruling that revisits the scope of a bank’s responsibility in locker theft cases, the national consumer disputes redressal commission (NCDRC) has held the Central Bank of India liable for deficiency in service over a 2016 burglary at its Bagdogra branch, but sharply reduced the...

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Moneylife Digital Team 11 February 2026
A special court under the Prevention of Money Laundering Act (PMLA) and the Fugitive Economic Offenders Act (FEOA) at Rouse Avenue district court has declared Karan A Chanana, chairman and managing director (CMD) of Amira Pure Foods Pvt Ltd and Anita Daing, whole time director (WTD) of the...

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Moneylife Digital Team 10 February 2026
As many as eight non-banking finance companies (NBFCs), including Tata Motors Finance Ltd and Piramal Enterprises Ltd, have voluntarily surrendered their registration certificates to Reserve Bank of India (RBI). At the same time, the central bank has cancelled the registrations of seven NBFCs....

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Moneylife Digital Team 10 February 2026
Reserve Bank of India (RBI) has imposed a penalty of ₹15 lakh on Mumbai-based Bharat Cooperative Bank Ltd for non-compliance with certain directions issued by RBI on interest rates on deposits.   The statutory inspection of Bharat Cooperative Bank found that the lender failed to pay interest...

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Moneylife Digital Team 09 February 2026
The Supreme Court on Monday delivered one of its strongest indictments yet of banks’ role in the fast-growing menace of 'digital arrest' scams, warning that negligence and, in some cases, alleged collusion by bank officials have enabled fraudsters to siphon off crores from unsuspecting...

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Moneylife Digital Team 09 February 2026
Public sector banks (PSBs) have earned more than ₹11,500 crore over the past five years from penalties and service charges linked to minimum balance shortfalls, ₹5,715.42 crore from SMS alerts (total ₹17,251.41 crore) and suffered a loss of ₹2,617.07 crore from ATM usage, even as the government...

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Moneylife Digital Team 09 February 2026
In a significant shift in how India prices deposit insurance, Reserve Bank of India (RBI) and its wholly-owned subsidiary, the Deposit Insurance and Credit Guarantee Corporation (DICGC), have decided to move away from a flat premium system and introduce a risk-based premium framework for...

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Moneylife Digital Team 06 February 2026
Reserve Bank of India (RBI) has imposed a total penalty of ₹4.05 lakh on three cooperative banks for non-compliance with its regulatory directions. The highest penalty of ₹2 lakh has been imposed on Odisha-based Jeypore Cooperative Urban Bank Ltd and Tripura-based Agartala Cooperative Urban...

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Bar  and   Bench 06 February 2026
A court in Mumbai recently closed the proceedings against Dewan Housing Finance Corporation Limited (DHFL) in the Yes Bank–DHFL money laundering case. (Dewan Housing Finance Corporation Ltd v. Enforcement Directorate)   Additional Sessions Judge RB Rote ruled that the company was entitled to...

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Moneylife Digital Team 06 February 2026
Reserve Bank of India (RBI) on Friday unveiled a broad set of regulatory and developmental measures aimed at easing compliance for low-risk financial entities, improving credit flow and updating key financial inclusion and market frameworks to reflect a rapidly evolving financial system.   In...

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Sponsored Post 04 February 2026
International travel and overseas education from India have increased steadily over the past decade. Alongside flight bookings and accommodation planning, access to foreign currency has undergone significant changes, and now it has become easier with the use of forex cards. Prepaid forex...

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Moneylife Digital Team 03 February 2026
Reserve Bank of India (RBI) has imposed penalties totalling ₹4 lakh on two cooperative banks for violations of its know-your-customer (KYC) norms. Kanpur, Uttar Pradesh-based Jilla (Zila) Sahkari Bank Ltd has been fined ₹3 lakh, while Rajasthan-based Jaipur Central Cooperative Bank Ltd has been...

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Moneylife Digital Team 02 February 2026
Reserve Bank of India (RBI) has imposed a penalty of ₹2.70 lakh on Maharashtra-based Northern Arc Capital Ltd, a non-banking financial company (NBFC), for failing to comply with provisions of RBI’s know-your-customer (KYC) directions.   RBI's statutory inspection revealed that Northern Arc...

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Moneylife Digital Team 30 January 2026
Reserve Bank of India (RBI) has imposed a penalty of ₹50,000 on Maharashtra-based Rajapur Urban Cooperative Bank Ltd for non-compliance with directions relating to loans and advances granted to directors, their relatives and firms or concerns in which they have an interest.   The statutory...

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Moneylife Digital Team 29 January 2026
India's elevated borrowing costs are often interpreted through the lens of monetary policy—whether the Reserve Bank of India (RBI) has tightened too much or delayed rate cuts. The Economic Survey 2025–26 challenges this narrative by placing the cost of capital within a broader macroeconomic...

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Moneylife Digital Team 28 January 2026
Reserve Bank of India (RBI) and European Securities and Markets Authority (ESMA) have signed a fresh memorandum of understanding (MoU) on cooperation and exchange of information relating to central counterparties (CCPs), bringing an end to a prolonged regulatory standoff that had disrupted...

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Moneylife Digital Team 27 January 2026
Banking services across large parts of the country were disrupted on Tuesday as bank employees and officers went on a nationwide strike demanding the immediate implementation of a five-day work week, with all Saturdays declared holidays. The strike was called by the United Forum of Bank Unions...

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Moneylife Digital Team 21 January 2026
A special court under the Prevention of Money Laundering Act (PMLA) has closed a money laundering case against Bagla Overseas Pvt Ltd, its managing director (MD) and Bharatiya Janata Party (BJP) leader Mohit Kamboj, and several other directors, after central bureau of investigation (CBI) shut...

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