RBI imposes Rs. 1 crore penalty on ICICI Bank, fines Yes Bank Rs. 91 lakhs for non-compliance

Reserve Bank of India has fined private lenders Yes Bank and ICICI Bank over non-compliance.

RBI imposes Rs 8.50 lakh penalty on Bajaj Finance

Mumbai: The Reserve Bank of India (RBI) on Friday slapped a fine of Rs 8.50 lakh penalty on Bajaj Finance for violation of the rule pertaining to reporting of frauds.

SEBI revokes Karvy Stock Broking's registration for misusing clients' funds

Mumbai: The Securities and Exchange Board of India (SEBI) on Wednesday said it has cancelled the registration of brokerage firm Karvy Stock Broking Ltd (KSBL) due to its improper use of clients' funds and securities, media reports said.

RBI imposes a monetary penalty of Rs 1 crore on City Union Bank Limited

Mumbai/UNI: The Reserve Bank of India (RBI) has imposed a monetary penalty of Rupees One Crore only on City Union Bank Limited for contravention of/non-compliance with certain provisions of the directions contained in the Reserve Bank of India (Lending to Micro, Small & Medium Enterprises (MSME) Sector) Directions, 2017 and the circulars on educational loan scheme and credit flow to agriculture – agricultural loans – waiver of margin/security requirements.