RBI Appoints External Firm to Conduct IT Audit at HDFC Bank
The Reserve Bank of India (RBI) has appointed an external professional IT company to conduct an audit of HDFC Bank’s IT Infrastructure and has sought a report from...
Tag : Reserve Bank of India (RBI)
Bank Credit Grows 3.2% in This Fiscal
Bank credit grew 3.2 per cent to Rs 107.05 lakh crore in the first nine months of the current financial year, as against a growth...
Google Play Store Removes 30 Loan Apps for Violating User Safety Policies
Google has begun to remove money-lending apps that do not comply with the country’s banking regulations from its Android Play Store following directions from the Reserve Bank...
RBI Imposes Rs 2 Crore Penalty on Deutsche Bank
The Reserve Bank of India (RBI) on Tuesday imposed a penalty of Rs 2 crore on Deutsche Bank AG for non-compliance with certain provisions of directions concerning...
Forex Reserves up by $2.56 Bn to Record $581.131 Bn
At a time when the economy is under stress due to the coronavirus pandemic, India’s foreign exchange (forex) reserves have been rising at a very...
RTGS Transactions to be Available 24×7 from December 14
The Reserve Bank of India (RBI) has announced that RTGS or the Real Time Gross Settlement system will be available round the clock on all days...
SREI Infra Shares Fell Over 15 Percent on RBI Special Audit
The share price of SREI Infrastructure Finance fell over 15 percent after the firm said that the Reserve Bank of India would be conducting a special audit...
DBS Bank India Rescues Lakshmi Vilas Bank
The Reserve Bank of India (RBI) today placed Lakshmi Vilas Bank (LVB) under a moratorium for one month citing serious deterioration in the bank’s financial position. RBI also announced...
RBI Imposes Rs 22 Lakh Penalty on DCB Bank for Violating Marketing Norms
On Thursday, Private lender DCB Bank said that the Reserve Bank of India (RBI) has imposed a fine of Rs 22 lakh on the bank...
Lakshmi Vilas Bank Board Approved to Raise up to Rs 500 Cr via Rights Issue
Today, the board of Lakshmi Vilas Bank (LVB) has approved the proposal of raising funds up to Rs 500 crore through issuance of shares on the rights...