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ICICI Bank Fined Rs 10 Lakh, Vodafone Rs 5 Lakh In Gujarat SIM Fraud Case
Gujarat's Adjudicating Officer has delivered a judgment on a major cyber fraud case involving an Ahmedabad-based firm that lost more than Rs 1.19 crore due to unauthorised bank transactions enabled by a cloned SIM card.
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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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SEBI Bans DHFL's Kapil Wadhawan, 5 Others From Securities Market For 5 Years
Markets regulator Sebi on Tuesday barred Dewan Housing Finance Ltd's former CMD Kapil Wadhawan, ex-director Dheeraj Wadhawan, and four others from the securities markets for up to five years for committing financial irregularities, diverting funds, a
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Barclays Fined $56 Million Over Poor Handling Of Crime Risks
Britain's financial watchdog on Wednesday said it had fined Barclays bank $56 million for "poor handling of financial crime risks".
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Loan Fraud Convict's 'Catch Me If You Can' Of 4 Decades Ends, Courtesy CBI
He has been on the run for 47 years in a Rs 5.69 lakh bank fraud case filed by the Central Bureau of Investigation in 1978. Over four decades later, the long arm of the law has finally caught Satish Kumar Anand, who cheated Bank of India.
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RBI Fines ICICI, Axis, 3 Other Key Banks Over Lack Of Regulatory Compliances
A penalty of Rs 31.80 lakh was imposed on Bank of Maharashtra for non-compliance with certain directions on KYC.
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Google India Told To Submit Bank Guarantees For 50% Of Rs 5 Crore Fine
Google India was fined Rs 5 crore for alleged Foreign Exchange Management Act (FEMA) violations.
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Kotak Mahindra Bank Convicted For Criminal Breach Of Trust, Fined Rs 20 Lakh
A Chennai court had last month held Kotak Mahindra Bank guilty of perjury in the same case and fined Rs 1.5 lakh.
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Kotak Mahindra Bank Held Guilty Of Perjury, Official Jailed For 3 Months
A Chennai court held Kotak Mahindra Bank guilty of perjury and imposed a fine of Rs 1,50,000 on it for collecting excess money on a loan issued to a customer.
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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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Brazil Top Court Unblocks Elon Musk's Finances As X Agrees To Pay Fine
A Brazilian judge on Tuesday ordered the unblocking of the bank accounts of Elon Musk's X in the country after the social media platform agreed to pay more than $5 million in fines.
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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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RBI Fines Visa Rs 2.41 Crore Over Usage Of Unauthorised Payment Method
The Reserve Bank of India imposed a penalty of Rs 2.41 crore (nearly $288,000) on Visa in relation to its usage of an unauthorised payment transfer method, the central bank said on Friday.
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Paytm Bank Fined Over Rs 5 Crore For Financial Violations
Paytm Payments Bank has been fined Rs 5.49 crore over violations in reporting illegal money routed through its accounts.
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RBI Fines State Bank Of India, Canara Bank For Regulatory Violations
The Reserve Bank of India (RBI) imposed a monetary penalty on State Bank of India and Canara Bank for regulatory violations, the central bank said in a press statement on Monday.
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ICICI Bank Fined Rs 10 Lakh, Vodafone Rs 5 Lakh In Gujarat SIM Fraud Case
Gujarat's Adjudicating Officer has delivered a judgment on a major cyber fraud case involving an Ahmedabad-based firm that lost more than Rs 1.19 crore due to unauthorised bank transactions enabled by a cloned SIM card.
-
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.
-
SEBI Bans DHFL's Kapil Wadhawan, 5 Others From Securities Market For 5 Years
Markets regulator Sebi on Tuesday barred Dewan Housing Finance Ltd's former CMD Kapil Wadhawan, ex-director Dheeraj Wadhawan, and four others from the securities markets for up to five years for committing financial irregularities, diverting funds, a
-
Barclays Fined $56 Million Over Poor Handling Of Crime Risks
Britain's financial watchdog on Wednesday said it had fined Barclays bank $56 million for "poor handling of financial crime risks".
-
Loan Fraud Convict's 'Catch Me If You Can' Of 4 Decades Ends, Courtesy CBI
He has been on the run for 47 years in a Rs 5.69 lakh bank fraud case filed by the Central Bureau of Investigation in 1978. Over four decades later, the long arm of the law has finally caught Satish Kumar Anand, who cheated Bank of India.
-
RBI Fines ICICI, Axis, 3 Other Key Banks Over Lack Of Regulatory Compliances
A penalty of Rs 31.80 lakh was imposed on Bank of Maharashtra for non-compliance with certain directions on KYC.
-
Google India Told To Submit Bank Guarantees For 50% Of Rs 5 Crore Fine
Google India was fined Rs 5 crore for alleged Foreign Exchange Management Act (FEMA) violations.
-
Kotak Mahindra Bank Convicted For Criminal Breach Of Trust, Fined Rs 20 Lakh
A Chennai court had last month held Kotak Mahindra Bank guilty of perjury in the same case and fined Rs 1.5 lakh.
-
Kotak Mahindra Bank Held Guilty Of Perjury, Official Jailed For 3 Months
A Chennai court held Kotak Mahindra Bank guilty of perjury and imposed a fine of Rs 1,50,000 on it for collecting excess money on a loan issued to a customer.
-
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'.
-
Brazil Top Court Unblocks Elon Musk's Finances As X Agrees To Pay Fine
A Brazilian judge on Tuesday ordered the unblocking of the bank accounts of Elon Musk's X in the country after the social media platform agreed to pay more than $5 million in fines.
-
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.
-
RBI Fines Visa Rs 2.41 Crore Over Usage Of Unauthorised Payment Method
The Reserve Bank of India imposed a penalty of Rs 2.41 crore (nearly $288,000) on Visa in relation to its usage of an unauthorised payment transfer method, the central bank said on Friday.
-
Paytm Bank Fined Over Rs 5 Crore For Financial Violations
Paytm Payments Bank has been fined Rs 5.49 crore over violations in reporting illegal money routed through its accounts.
-
RBI Fines State Bank Of India, Canara Bank For Regulatory Violations
The Reserve Bank of India (RBI) imposed a monetary penalty on State Bank of India and Canara Bank for regulatory violations, the central bank said in a press statement on Monday.
