December 13, 2024 15:55 (IST)
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Bengaluru techie suicide: Karnataka Police issues summons to wife Nikita, her family members | French President Macron appoints centrist leader Francois Bayrou as new Prime Minister | Congress always prioritised personal interest over Constitution: Rajnath Singh | Jaishankar calls attack on Hindus in Bangladesh 'a source of concern' | Allu Arjun arrested over woman's death in stampede during Pushpa 2 premiere show | RBI receives bomb threat in Russian language, case filed | UP teenager kills mother, lives with body for 5 days | At least six people including a child killed in Tamil Nadu hospital fire | Amid Atul Subhash row, SC says mere harassment is not enough to prove abetment to suicide | India's D Gukesh becomes youngest ever world champion in chess
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.