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RBI Asks Non-Banks To Stick To Rs 20,000 Loan Cash Payout Limit: Report
India's central bank has asked non-bank finance companies (NBFC) to strictly adhere to a cap of 20,000 rupees ($240) in cash loans, according to a letter seen by Reuters and two people aware of the development, in a bid to deter cash transactions.
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Chennai Man Forges RBI Permission Letter To Run Bank, Arrested
The Chennai Police has arrested a person for forging RBI permission certificate for running a bank in different parts of the state.
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Job Appointment Letter Issued On Letterhead Of RBI Is Fake: Government's Fact Check
A fake job appointment letter has been issued on the letterhead of RBI by a private agency, government's fact check team, PIB Fact Check, has confirmed.
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RBI Releases Assistant Exam Admit Card
RBI assistant admit card is available at the official website opportunities.rbi.org.in.
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Suspended PMC Bank Chief Hid Info From RBI Fearing "Reputational Loss"
Former Punjab Maharashtra Co-operative Bank Managing Director Joy Thomas has admitted to misleading the RBI for six to seven years by concealing and misreporting defaulted loans worth Rs 6,500 crore taken by crisis-hit real estate firm HDIL
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RBI Releases Call Letter For Security Guard Exam
RBI has released set of guidelines for the candidates on its official website rbi.org.in.
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PM Office, RBI Told To Disclose Raghuram Rajan's Letter, Defaulters List
Severely admonishing the RBI and the PMO, the Central Information Commission has again directed them to disclose the list of wilful defaulters and Raghuram Rajan's letter on bad loans.
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RBI Admit Card 2018: Officer Grade B Admission Letter Released @ Rbi.org.in, Download Now
The RBI Grade B admit card can be accessed from the website, opportunities.rbi.org.in.
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Top Exporters Body Writes To RBI To Lift Ban On Letter Of Undertakings
The top exporters lobby Federation of Indian Export Organisations (Fieo) has written to the Reserve Bank and finance ministry seeking lifting the blanket ban on letter of undertakings (LoUs) saying it will further hurt exports by making them more uncompetitive.
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Three Senior RBI Officials Questioned By The CBI in PNB Scam, Say Sources
In the Nirav Modi scam, the investigators are now looking into whether officials of the Reserve Bank of India were aware of rules being broken by Punjab National Bank officers, while issuing Letters of Understanding to Nirav Modi and Mehul Choksi. Sources in the CBI have told NDTV that senior officials of the RBI are being questioned in connection ...
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RBI Bars Letters of Undertaking (LoUs). Five Things To Know
RBI took the decision of discontinuing letters of undertaking in wake of the alleged Rs 13,000 crore PNB fraud that revolved around the LoUs
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Sensex Falls Over 250 Points, Nifty Below 10,350: 10 Points
The BSE Sensex fell as much as 276 points on Wednesday to hit an intraday low of 33,580, dragged down by banking and energy stocks. The National Stock Exchange (NSE) benchmark index Nifty lost 90 points to hit an intraday low below the 10,350 mark in afternoon deals. Declines during Wednesday's session were led by banking, energy and FMCG stocks. W...
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RBI Clamps Down On Credit Guarantees As PNB Fraud Swells
Punjab National Bank, the country's second-biggest state-run bank, said last month it had been defrauded of about $2 billion.
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Banks Barred From Issuing Credit Guarantees After PNB Fraud: Latest Developments
In a major clampdown on banks after the Punjab National Bank (PNB)-Nirav Modi case, the Reserve Bank of India (RBI) on Tuesday barred banks from issuing letters of undertaking (LoUs) even as fresh details emerged about possibly the biggest fraud in India's banking history. Besides, the government revealed on Tuesday that alleged fraudster Mr Modi, ...
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Nirav Modi Effect: RBI Stops Letters of Undertaking For Overseas Credit
The Reserve Bank of India has discontinued letters of undertaking (LoUs) or guarantees for overseas credit after the Punjab National Bank (PNB) fraud involving Nirav Modi and Mehul Chokshi
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RBI Asks Non-Banks To Stick To Rs 20,000 Loan Cash Payout Limit: Report
India's central bank has asked non-bank finance companies (NBFC) to strictly adhere to a cap of 20,000 rupees ($240) in cash loans, according to a letter seen by Reuters and two people aware of the development, in a bid to deter cash transactions.
-
Chennai Man Forges RBI Permission Letter To Run Bank, Arrested
The Chennai Police has arrested a person for forging RBI permission certificate for running a bank in different parts of the state.
-
Job Appointment Letter Issued On Letterhead Of RBI Is Fake: Government's Fact Check
A fake job appointment letter has been issued on the letterhead of RBI by a private agency, government's fact check team, PIB Fact Check, has confirmed.
-
RBI Releases Assistant Exam Admit Card
RBI assistant admit card is available at the official website opportunities.rbi.org.in.
-
Suspended PMC Bank Chief Hid Info From RBI Fearing "Reputational Loss"
Former Punjab Maharashtra Co-operative Bank Managing Director Joy Thomas has admitted to misleading the RBI for six to seven years by concealing and misreporting defaulted loans worth Rs 6,500 crore taken by crisis-hit real estate firm HDIL
-
RBI Releases Call Letter For Security Guard Exam
RBI has released set of guidelines for the candidates on its official website rbi.org.in.
-
PM Office, RBI Told To Disclose Raghuram Rajan's Letter, Defaulters List
Severely admonishing the RBI and the PMO, the Central Information Commission has again directed them to disclose the list of wilful defaulters and Raghuram Rajan's letter on bad loans.
-
RBI Admit Card 2018: Officer Grade B Admission Letter Released @ Rbi.org.in, Download Now
The RBI Grade B admit card can be accessed from the website, opportunities.rbi.org.in.
-
Top Exporters Body Writes To RBI To Lift Ban On Letter Of Undertakings
The top exporters lobby Federation of Indian Export Organisations (Fieo) has written to the Reserve Bank and finance ministry seeking lifting the blanket ban on letter of undertakings (LoUs) saying it will further hurt exports by making them more uncompetitive.
-
Three Senior RBI Officials Questioned By The CBI in PNB Scam, Say Sources
In the Nirav Modi scam, the investigators are now looking into whether officials of the Reserve Bank of India were aware of rules being broken by Punjab National Bank officers, while issuing Letters of Understanding to Nirav Modi and Mehul Choksi. Sources in the CBI have told NDTV that senior officials of the RBI are being questioned in connection ...
-
RBI Bars Letters of Undertaking (LoUs). Five Things To Know
RBI took the decision of discontinuing letters of undertaking in wake of the alleged Rs 13,000 crore PNB fraud that revolved around the LoUs
-
Sensex Falls Over 250 Points, Nifty Below 10,350: 10 Points
The BSE Sensex fell as much as 276 points on Wednesday to hit an intraday low of 33,580, dragged down by banking and energy stocks. The National Stock Exchange (NSE) benchmark index Nifty lost 90 points to hit an intraday low below the 10,350 mark in afternoon deals. Declines during Wednesday's session were led by banking, energy and FMCG stocks. W...
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RBI Clamps Down On Credit Guarantees As PNB Fraud Swells
Punjab National Bank, the country's second-biggest state-run bank, said last month it had been defrauded of about $2 billion.
-
Banks Barred From Issuing Credit Guarantees After PNB Fraud: Latest Developments
In a major clampdown on banks after the Punjab National Bank (PNB)-Nirav Modi case, the Reserve Bank of India (RBI) on Tuesday barred banks from issuing letters of undertaking (LoUs) even as fresh details emerged about possibly the biggest fraud in India's banking history. Besides, the government revealed on Tuesday that alleged fraudster Mr Modi, ...
-
Nirav Modi Effect: RBI Stops Letters of Undertaking For Overseas Credit
The Reserve Bank of India has discontinued letters of undertaking (LoUs) or guarantees for overseas credit after the Punjab National Bank (PNB) fraud involving Nirav Modi and Mehul Chokshi
