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Maha Kumbh showed unity in diversity: PM Modi in Parliament | Think twice before travelling outside US: Indians with H-1B, F-1 visas, green cards warned by immigration attorneys | Mamata Banerjee visits Furfura Sharif, slams Opposition for questioning her intent ahead of 2026 polls | Left, BJP call Mamata's Oxford University invitation fake PhD deja vu, TMC hits back | Violence breaks out in Nagpur over call to remove Aurangzeb's tomb, Fadnavis appeals for peace | Ballet dance between dragon, elephant is the only choice: China after Modi's 'positive' remarks in Lex Fridman podcast | PM Modi meets Tulsi Gabbard, discusses ways to enhance cooperation for tackling terrorism | Trump, Modi are focused on strengthening shared interests of India and US: Tulsi Gabbard | Orry in legal trouble for drinking at Katra hotel near Vaishno Devi pilgrimage site in Jammu and Kashmir | Tamil Nadu: BJP leader Tamilisai Soundararajan detained during protest against TASMAC scam
RBI imposes Rs 29.6 lakh fine on HSBC over non-compliance in card ops

RBI imposes Rs 29.6 lakh fine on HSBC over non-compliance in card ops

Jun 29, 2024, at 04:10 am

Mumbai: The Reserve Bank of India (RBI) announced it has fined The Hongkong and Shanghai Banking Corporation Limited (HSBC) Rs 29.6 lakh for failing to comply with certain directives regarding card operations.

RBI slaps fines on IDFC First Bank and LIC Housing Finance for non-compliance

RBI slaps fines on IDFC First Bank and LIC Housing Finance for non-compliance

Apr 06, 2024, at 07:52 am

Mumbai: The Reserve Bank on Friday said that it has fined IDFC First Bank Rs 1 crore and LIC Housing Finance Rs 49.70 lakh for breaching specific regulations. The penalty on IDFC First Bank was levied due to failure to adhere to certain directives regarding 'Loans and Advances - Statutory and Other Restrictions', according to the central bank’s statement.

RBI penalizes Citibank, BoB, and IOB for non-compliance with norms

RBI penalizes Citibank, BoB, and IOB for non-compliance with norms

Nov 25, 2023, at 04:57 am

Mumbai: The Reserve Bank of India (RBI) on Friday slapped monetary fines on Citibank, Bank of Baroda, and Indian Overseas Bank for violations of regulations.

RBI slaps Rs 1.7 cr fine on Ola Financial Services for non-compliance

RBI slaps Rs 1.7 cr fine on Ola Financial Services for non-compliance

Jul 14, 2022, at 06:54 pm

Mumbai: The Reserve Bank of India (RBI) slapped a Rs 1.67 crore fine on Ola Financial Services Ltd, the financial arm of app-based ride-hailing firm Ola, for non-compliance with its prepaid payment instrument (PPI) and know-your-customer (KYC) guidelines.