Jul 28, 2016
By ENS ECONOMIC BUREAU Published: 28th July 2016 06:21 AM Last Updated: 28th July 2016 07:27 AM NEW DELHI: The Reserve Bank of India (RBI) has imposed a penalty of Rs 27 crore on 13 banks, including HDFC Bank, Bank of Baroda and Punjab National Bank, for violating several norms such as those for...Proceed to the page: http://linkis.com/akpaz
The National Green Tribunal (NGT) today rejected a petition filed by the Art of Living (AoL) Foundation which had asked to pay its compensation by bank guarantee for violation of environment norms during a cultural event on the banks of Yamuna in New Delhi earlier this year.
In a major crackdown for FEMA violations and KYC lapses, the RBI has imposed Rs 27-crore penalty on 13 public and private sector banks, including PNB and HDFC Bank, while asking eight others including SBI and ICICI Bank to ensure strict compliance with guidelines.
Reserve Bank has imposed a penalty of Rs 2 crore on HDFC Bank for lapses in adhering to Know Your Customer (KYC) and anti-money laundering (AML) norms.
Shares of state-run lenders such as State Bank of India, Punjab National Bank, Bank of India, Canara Bank, Allahabad Bank, Indian Overseas Bank, Syndicate Bank and Bank of Baroda advanced 1-4 per cent today after the government announced Rs 22,915 crore fund infusion as part of first tranche of...
Kingfisher Airlines has defaulted on loans of over Rs 9,400 crore obtained from various banks and Mallya has left India for Britain where he is staying with his family.
By Chris Adams, McClatchy Washington Bureau (MCT) WASHINGTON — While the politics of climate change were at the top of the president’s agenda this week, a different environmental proposal is heading to a showdown between Republicans and the White House, in part due to strong pressure from Kentucky...
US markets rise sharply after minutes from the September meeting of the Federal Reserve indicate that US central bankers are wary of raising rates too soon.
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