Reserve Bank Of India Rbi Provisions
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RBI Imposes Rs 76.6 Lakh Penalty On Four Entities
The Reserve Bank on Friday said it has imposed Rs 76.6 lakh penalty on four non-banking financial companies for non-compliance with certain provisions of its directions related to 'peer-to-peer lending platform'.
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Government Imposes Anti-Money Laundering Provisions on Crypto Sector in India: Details
The Finance Ministry on Tuesday announced that it was applying anti-money laundering legislation to crypto trading, safekeeping and related financial services. The government has already levied more stringent tax rules on the crypto sector, including applying a levy on trading in 2022.
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Amazon Pay India Faces Penalty of Over Rs. 3.06 Crore by RBI for Non-Compliance
The Reserve Bank of India on Friday said it has imposed a penalty of over Rs. 3.06 crore on Amazon Pay (India) Private Limited for non-compliance with certain provisions related to Prepaid Payment Instruments (PPIs) and Know Your Customer (KYC) direction. "It was observed that the entity was non-compliant with the directions issued by RBI on KYC re...
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Central Bank Digital Currency Transactions to Remain Anonymous 'To a Certain Degree': RBI
Central bank digital currencies (CBDC) transactions would remain anonymous to a certain degree, Reserve Bank of India Deputy Governor T Rabi Sankar said on Wednesday. The IT department allows cash transactions up to a certain limit to be carried out without government ID proof, but the RBI is yet to clarified the degree to which CBDC transactions w...
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Top Court Seeks Centre's Reply On Appointing WhatApp 'Grievance Officer'
The Supreme Court today asked the Centre to file its reply on a plea alleging that WhatsApp does not comply with the Indian laws, including the provision for appointing a grievance officer.
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Public Sector Banks Recapitalisation Should Be Part Of Broader Package Of Financial Reforms, Says IMF
The asset quality review, initiated by the Reserve Bank of India (RBI) in December 2015, prompted banks to take steps to recognise all nonperforming assets and ensure appropriately provisioned balance sheets by March 2017.
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RBI's New Rules On Soured Loans To Shoot Provisioning Costs, Say Experts
Most of the loan-restructuring schemes that the central bank is withdrawing have seen little success.
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Assembly Elections 2017: More Cash For Candidates? Election Commission Irked By RBI's Response
The Election Commission's written request to the Reserve Bank of India to allow more cash withdrawal for election candidates in the five states has been turned down. The central bank said the special provision was not possible at the moment, piquing the poll authority to give a curt response.
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Assembly Elections 2017: Let Candidates Withdraw Rs 2 Lakh A Week, Election Commission Requests RBI
The Election Commission has written to the Reserve Bank of India asking it to increase the weekly limit of cash withdrawal limit for candidates from Rs 24,000 to Rs 2 lakh. According to the last rule of the Central Bank, one can withdraw Rs 24,000 a week from banks. But no special provision has been made for election candidates. The request of the ...
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RBI Imposes Rs 76.6 Lakh Penalty On Four Entities
The Reserve Bank on Friday said it has imposed Rs 76.6 lakh penalty on four non-banking financial companies for non-compliance with certain provisions of its directions related to 'peer-to-peer lending platform'.
-
Government Imposes Anti-Money Laundering Provisions on Crypto Sector in India: Details
The Finance Ministry on Tuesday announced that it was applying anti-money laundering legislation to crypto trading, safekeeping and related financial services. The government has already levied more stringent tax rules on the crypto sector, including applying a levy on trading in 2022.
-
Amazon Pay India Faces Penalty of Over Rs. 3.06 Crore by RBI for Non-Compliance
The Reserve Bank of India on Friday said it has imposed a penalty of over Rs. 3.06 crore on Amazon Pay (India) Private Limited for non-compliance with certain provisions related to Prepaid Payment Instruments (PPIs) and Know Your Customer (KYC) direction. "It was observed that the entity was non-compliant with the directions issued by RBI on KYC re...
-
Central Bank Digital Currency Transactions to Remain Anonymous 'To a Certain Degree': RBI
Central bank digital currencies (CBDC) transactions would remain anonymous to a certain degree, Reserve Bank of India Deputy Governor T Rabi Sankar said on Wednesday. The IT department allows cash transactions up to a certain limit to be carried out without government ID proof, but the RBI is yet to clarified the degree to which CBDC transactions w...
-
Top Court Seeks Centre's Reply On Appointing WhatApp 'Grievance Officer'
The Supreme Court today asked the Centre to file its reply on a plea alleging that WhatsApp does not comply with the Indian laws, including the provision for appointing a grievance officer.
-
Public Sector Banks Recapitalisation Should Be Part Of Broader Package Of Financial Reforms, Says IMF
The asset quality review, initiated by the Reserve Bank of India (RBI) in December 2015, prompted banks to take steps to recognise all nonperforming assets and ensure appropriately provisioned balance sheets by March 2017.
-
RBI's New Rules On Soured Loans To Shoot Provisioning Costs, Say Experts
Most of the loan-restructuring schemes that the central bank is withdrawing have seen little success.
-
Assembly Elections 2017: More Cash For Candidates? Election Commission Irked By RBI's Response
The Election Commission's written request to the Reserve Bank of India to allow more cash withdrawal for election candidates in the five states has been turned down. The central bank said the special provision was not possible at the moment, piquing the poll authority to give a curt response.
-
Assembly Elections 2017: Let Candidates Withdraw Rs 2 Lakh A Week, Election Commission Requests RBI
The Election Commission has written to the Reserve Bank of India asking it to increase the weekly limit of cash withdrawal limit for candidates from Rs 24,000 to Rs 2 lakh. According to the last rule of the Central Bank, one can withdraw Rs 24,000 a week from banks. But no special provision has been made for election candidates. The request of the ...
