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RBI Imposes Rs 91 Lakh Fine On HDFC Bank For Violations Including KYC Lapses
A penalty of Rs 91 lakh has been imposed on HDFC Bank for violating certain provisions of the Banking Regulation Act, the Reserve Bank said on Friday.
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Coinbase Partners Citi to Boost Stablecoin Adoption Amidst Growing Institutional Interest
Coinbase has joined forces with Wall Street major Citi to improve the functionality and efficiency of stablecoin transactions. The partnership focuses on easing conversions between fiat and digital currencies while enhancing cross-border payment systems. Citi’s involvement highlights a growing institutional push towards blockchain-based finance, ...
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Waqf Amendment Bill To Be Tabled In Parliament's Budget Session
16 Bills, including the Finance Bill 2025, amendments to the Waqf and Banking Regulations Act, and the merging of the Indian Railways and Indian Railways Board Acts, will be tabled in Parliament's Budget session.
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16 Bills, Including Waqf Amendment Act, To Be Tabled In Budget Session
Sixteen bills, including the Finance Bill 2025, amendments to the Waqf and Banking Regulations Act, and the merging of the Indian Railways and Indian Railways Board Acts, will be tabled in Parliament's Budget session, which begins Friday.
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Morgan Stanley Will Work With US Regulators to Examine Safe Ways to Offer Crypto, CEO Says
In a fresh development, Morgan Stanley CEO, Ted Pick has said that the bank wishes to examine if it can act as a crypto transactor while keeping its regulatory obligations intact. To do so, the New York City-headquartered bank plans to ramp-up discussions with US lawmakers in the coming months.
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Axis Bank, HDFC Bank Fined 2.91 Crore For Deficiencies In Regulatory Compliance
The RBI said a penalty of Rs 1.91 crore has been imposed on Axis Bank for contravention of certain provisions of the Banking Regulation Act, and non-compliance with certain directions.
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Paytm Payments Bank CEO Surinder Chawla Resigns
Beleaguered Paytm Payments Bank's managing director and CEO Surinder Chawla has resigned from the company, a regulatory filing said on Tuesday. Chawla's resignation comes amidst Paytm Payments Bank facing prohibitory action from banking regulator RBI.
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Crypto Becomes Regulated Financial Sector in UK: Details
The UK has officially regulated the crypto sector under its newly passed Financial Services and Markets Act 2023. With regulating the crypto sector, the UK is essentially gearing up to bank on all the growth and employment opportunities that the industry unlocks in fintech.
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Coinbase Gains Singapore License Under Payments Services Act, Ahead of Upcoming Crypto Regulation: All Details
Coinbase on Tuesday announced that it had gained approval from the central bank of Singapore, as the crypto exchange received permission to offer its services in the region. The company said it had been building up its presence in Singapore and currently had nearly 100 employees, mostly comprised of product engineers. Singapore plans to roll out ne...
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18,377 NGOs Open SBI Accounts To Receive Foreign Funds: Centre
Minister of State for Home Affairs Nityanand Rai informed that under the Foreign Contribution (Regulation) Amendment Act 2020, all foreign-funded NGOs have to compulsorily open an FCRA account in State Bank of India's main branch at Delhi
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RBI Imposes Rs 91 Lakh Fine On HDFC Bank For Violations Including KYC Lapses
A penalty of Rs 91 lakh has been imposed on HDFC Bank for violating certain provisions of the Banking Regulation Act, the Reserve Bank said on Friday.
-
Coinbase Partners Citi to Boost Stablecoin Adoption Amidst Growing Institutional Interest
Coinbase has joined forces with Wall Street major Citi to improve the functionality and efficiency of stablecoin transactions. The partnership focuses on easing conversions between fiat and digital currencies while enhancing cross-border payment systems. Citi’s involvement highlights a growing institutional push towards blockchain-based finance, ...
-
Waqf Amendment Bill To Be Tabled In Parliament's Budget Session
16 Bills, including the Finance Bill 2025, amendments to the Waqf and Banking Regulations Act, and the merging of the Indian Railways and Indian Railways Board Acts, will be tabled in Parliament's Budget session.
-
16 Bills, Including Waqf Amendment Act, To Be Tabled In Budget Session
Sixteen bills, including the Finance Bill 2025, amendments to the Waqf and Banking Regulations Act, and the merging of the Indian Railways and Indian Railways Board Acts, will be tabled in Parliament's Budget session, which begins Friday.
-
Morgan Stanley Will Work With US Regulators to Examine Safe Ways to Offer Crypto, CEO Says
In a fresh development, Morgan Stanley CEO, Ted Pick has said that the bank wishes to examine if it can act as a crypto transactor while keeping its regulatory obligations intact. To do so, the New York City-headquartered bank plans to ramp-up discussions with US lawmakers in the coming months.
-
Axis Bank, HDFC Bank Fined 2.91 Crore For Deficiencies In Regulatory Compliance
The RBI said a penalty of Rs 1.91 crore has been imposed on Axis Bank for contravention of certain provisions of the Banking Regulation Act, and non-compliance with certain directions.
-
Paytm Payments Bank CEO Surinder Chawla Resigns
Beleaguered Paytm Payments Bank's managing director and CEO Surinder Chawla has resigned from the company, a regulatory filing said on Tuesday. Chawla's resignation comes amidst Paytm Payments Bank facing prohibitory action from banking regulator RBI.
-
Crypto Becomes Regulated Financial Sector in UK: Details
The UK has officially regulated the crypto sector under its newly passed Financial Services and Markets Act 2023. With regulating the crypto sector, the UK is essentially gearing up to bank on all the growth and employment opportunities that the industry unlocks in fintech.
-
Coinbase Gains Singapore License Under Payments Services Act, Ahead of Upcoming Crypto Regulation: All Details
Coinbase on Tuesday announced that it had gained approval from the central bank of Singapore, as the crypto exchange received permission to offer its services in the region. The company said it had been building up its presence in Singapore and currently had nearly 100 employees, mostly comprised of product engineers. Singapore plans to roll out ne...
-
18,377 NGOs Open SBI Accounts To Receive Foreign Funds: Centre
Minister of State for Home Affairs Nityanand Rai informed that under the Foreign Contribution (Regulation) Amendment Act 2020, all foreign-funded NGOs have to compulsorily open an FCRA account in State Bank of India's main branch at Delhi
