Articles about Banking Regulation Act
16 Oct 2022India
To commemorate the 75 years of India's Independence Prime Minister Narendra Modi on Sunday dedicated 75 Digital Banking Units (DBUs) to the nation across 75 districts.
22 Sep 2022Reserve Bank Of India (RBI)
The Reserve Bank of India (RBI) canceled the license of The Laxmi Co-operative Bank Limited in Maharashtra on Thursday.
17 Nov 2020Reserve Bank Of India (RBI)
The Centre on Tuesday placed Tamil Nadu-based private sector lender Lakshmi Vilas Bank (LVB) under a moratorium for a period of one month, the Ministry of Finance said.
05 Nov 2019Punjab
The withdrawal limit for account holders of the crisis-hit Punjab and Maharashtra Cooperative (PMC) Bank has been raised to Rs. 50,000, the Reserve Bank of India (RBI) said in a press release on Tuesday.
18 Oct 2019Supreme Court Of India
On Friday, the Supreme Court refused to hear a petition filed on behalf of account holders in the Punjab and Maharashtra Co-operative (PMC) Bank seeking the lifting of restrictions on cash withdrawals.
18 Mar 2018India
Data from the Reserve Bank of India (RBI) has revealed that a whopping Rs. 11,302 crore belonging to over three crore account holders is lying unclaimed with 64 banks - both public and private.
06 Mar 2018Reserve Bank Of India (RBI)
The RBI has levied Rs. 3cr fine on Axis Bank and Rs. 2cr penalty on Indian Overseas Bank (IOB) for various violations.
21 Oct 2017India
According to sources, the Indian Banks' Association (IBA) has written to the RBI, IT Ministry and finance ministry questioning whether the UIDAI has the power to issue directives to banks under the Aadhaar Act.
26 May 2017India
As NDA government is now on the mature end of its tenure, it's not only India which is watching its every move but the entire world is.
05 May 2017India
President Pranab Mukherjee has given his approval for the ordinance that seeks to amend the Banking Regulation Act. The amendments seek to resolve the non-performing assets crisis.
04 May 2017India
A much-needed ordinance is on the verge of being passed, which would enable the RBI to tighten its grip on loan defaulters by making an amendment to the Banking Regulation Act.
20 Dec 2016Narendra Modi
According to Finance Minister Arun Jaitley, the Reserve Bank of India was fully prepared to face currency shortages post demonetization; it has enough currency to last "far beyond 30th December."
12 Dec 2016Narendra Modi
Rajnath Singh slammed the RBI for freezing 52,000 accounts in the State Bank of Sikkim calling it a roadblock to the implementation of demonetization; RBI contends that SBS is not covered under the Banking Regulation Act.
30 Nov 2016Narendra Modi
RBI data revealed that so far Rs.8.44 trillion in old notes has been exchanged at banks, against an estimate of Rs.16 trillion in old notes in circulation.