RBI fines ICICI Bank, Kotak Mahindra Bank for defaulting in fraud reporting, loan recovery rules [ad_1] The Reserve Bank of India has imposed monetary penalties on Kotak Mahindra Bank and ICICI Bank due to deficiencies in regulatory compliance, according to two separate RBI press releases issued on October 17, 2023. Why RBI fined Kotak Mahindra Bank The RBI has imposed ...

Mutual fund SIP account addition reaches record 3.7 million in September [ad_1] ET Intelligence group: The gross account registration in the systematic investment plan (SIP) category of mutual funds reached a record 3.7 million in September 2023, the data from AMFI shows. The new account opening remained above three million for the third month in a row despite higher volatility ...

Rupee to rely on RBI's intervention amid surging oil prices: Traders Non-deliverable forwards (NDFs) indicate rupee will open at around 83.25-83.26 to the U.S. dollar, barely changed from the previous session

Attention SBI customers: State Bank of India on why you are facing UPI snags [ad_1] If you are a State Bank of India (SBI) customer and are facing some technical issues while using UPI for your transactions, SBI has stated the reason. SBI UPI services are facing intermittent fluctuations due to technology upgradation activities, stated the PSU lender on social ...

Crypto firms welcome adoption of IMF-FSB's roadmap on crypto assets Investments in resources, technology, and personnel would be necessary to ensure compliance

Banks assess carbon risk of loan book amid investor, RBI push: Reports The South Asian nation is the world’s third-highest greenhouse gas polluter and has set a goal of reaching net zero emissions by 2070

Fund review: HDFC Mid-Cap Opportunities fund Fund review: HDFC Mid-Cap Opportunities fund

Forex reserves further drop by $2.17 billion to $584.74 billion: RBI The country’s forex reserves dropped by a further USD 2.166 billion to USD 584.742 billion for the week ended October 6, the RBI said on Friday. India’s forex kitty had gone down by USD 3.794 billion to USD 586.908 billion in the previous week. It can be noted that ...

RBI slaps monetary penalties on RBL Bank, Union Bank, and Bajaj Finance Union Bank of India has incurred a penalty of Rs 1 crore for its failure to comply with specific directions

RBI likely selling US dollars to keep rupee off record low: Traders “It’s the same story. The RBI is there, like it is there on most days,” a spot trader at a private sector bank said