RBI
Moneylife Digital Team 16 May 2023
The Reserve Bank of India (RBI) has imposed penalties totalling Rs7 lakh on two cooperative banks for non-adherence with the directions issued by RBI on strengthening of prudential norms- provisioning, asset classification and exposure limit and regional rural banks- income recognition.

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Moneylife Digital Team 18 April 2023
Reserve Bank of India (RBI) has imposed a fine of Rs23.23 lakh on Bengaluru-based Karnataka State Co-operative Apex Bank Ltd for violating specific provisions of know your customer (KYC) norms and directions issued on membership of credit information companies (CICs).

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Moneylife Digital Team 06 April 2023
In a people-friendly move, Reserve Bank of India (RBI) governor Shaktikanta Das on Thursday announced the development of a common web portal to search for unclaimed deposits.

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The Reserve Bank of India (RBI) will soon put in place a process whereby people will be compensated by Credit Information Companies (CIC) for delayed updation/rectification of credit information reports, said Governor Shaktikanta Das.

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The Public Sector Banks (PSBs) have transferred unclaimed deposits (till February 2023) of Rs 35,012 crore to the RBI, the Lok Sabha was informed on Monday.

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About the worst experiences, we have as consumers, are with banks and financial services

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The Reserve Bank of India (RBI) is likely to apply the pause button on continuous hikes in repo rates during next week's meeting of its monetary policy committee (MPC), says a report by the State Bank of India's (SBI) research wing.

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Moneylife Digital Team 25 March 2023
Moneylife Foundation, which is involved in advocacy and financial literacy initiatives, has raised 10 key consumer concerns with the Reserve Bank of India’s (RBI) committee for review of customer service standards in RBI regulated entities (REs) headed by a former deputy governor.

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Moneylife Digital Team 11 March 2023
Reserve Bank of India (RBI) has imposed a fine of Rs9.60 lakh on Nuvama Wealth Finance Ltd (erstwhile Edelweiss Finance and Investment Ltd) for violating certain provisions of know your customer (KYC) directions.

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The Reserve Bank of India on Friday said that it has imposed a monetary penalty of Rs 3.06 crore on Amazon Pay (India) Private Limited for non-compliance with certain provisions.

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Moneylife Digital Team 01 March 2023
The Reserve Bank of India has sent show cause notices to a few asset reconstruction companies (ARCs),

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IANS 23 February 2023
Though global growth outlook has improved in recent months, it is expected to decelerate during 2023, said the RBI's rate setting monetary policy committee (MPC), which, in its meeting on February 8, had raised the repo rate by 25 basis points to 6.50 per cent with immediate effect.

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IANS 23 February 2023
Credit rating agency Acuite Ratings and Research said the Reserve Bank of India (RBI) will continue with monetary tightening and will hike the policy rate by 25 basis points (bps).

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IANS 21 February 2023
Mergers of banks in India has resulted in increased efficiency for the acquirers or the merged entity and higher shareholders wealth for the acquiree banks, as per a research paper published by the Reserve Bank of India (RBI).

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Moneylife Digital Team 21 February 2023
Reserve Bank of India (RBI) has imposed monetary penalties from Rs50,000 to Rs4 lakh on 10 cooperative banks for non-compliance to various rules and regulations.

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Moneylife Digital Team 15 February 2023
CAMSPay, part of India's largest registrar and transfer agent of mutual funds, Computer Age Management Services Ltd (CAMS), says it has received in-principle authorisation from the Reserve Bank of India (RBI) to operate as a payment aggregator (PA).

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Moneylife Digital Team 14 February 2023
Reserve Bank of India (RBI) has imposed a fine of Rs 1.50 lakh on Vaidyanath Urban Co-Operative bank located at Parli Vaijnath in Maharashtra.

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Moneylife Digital Team 10 February 2023
After warning consumers not to perform forex transactions on unauthorised electronic trading platforms (ETPs)

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Moneylife Digital Team 08 February 2023
As expected, the monetary policy committee (MPC) of the Reserve Bank of India (RBI) on Wednesday increased the repo rate by 25 basis points (bps)

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Moneylife Digital Team 07 February 2023
The Reserve Bank of India (RBI) is expected to hike the policy rate by 25bps (basis points) in its February 2023 monetary policy review.

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