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മേയ് 23, 2017
Paytm Payments Bank Limited commences operations
Paytm Payments Bank Limited has commenced operations as a payments bank with effect from May 23, 2017. The Reserve Bank has issued a licence to the bank under Section 22 (1) of the Banking Regulation Act, 1949 to carry on the business of payments bank in India. Shri Vijay Shekhar Sharma was one of the 11 applicants who was issued in-principle approval for setting up a payments bank, as announced in the press release on August 19, 2015. Alpana Killawala Principal Advis
Paytm Payments Bank Limited has commenced operations as a payments bank with effect from May 23, 2017. The Reserve Bank has issued a licence to the bank under Section 22 (1) of the Banking Regulation Act, 1949 to carry on the business of payments bank in India. Shri Vijay Shekhar Sharma was one of the 11 applicants who was issued in-principle approval for setting up a payments bank, as announced in the press release on August 19, 2015. Alpana Killawala Principal Advis
മേയ് 22, 2017
Reserve Bank of India Outlines the action plan to implement the Banking Regulation (Amendment) Ordinance, 2017
In a Release today, the Reserve Bank of India outlined the steps taken and those on the anvil post the promulgation of the Banking Regulation (Amendment) Ordinance, 2017. 2. The amendments to the BR Act 1949, introduced through the Ordinance, and the notification issued thereafter by the Central Government empower RBI to issue directions to any banking company or banking companies to initiate insolvency resolution process in respect of a default, under the provisions
In a Release today, the Reserve Bank of India outlined the steps taken and those on the anvil post the promulgation of the Banking Regulation (Amendment) Ordinance, 2017. 2. The amendments to the BR Act 1949, introduced through the Ordinance, and the notification issued thereafter by the Central Government empower RBI to issue directions to any banking company or banking companies to initiate insolvency resolution process in respect of a default, under the provisions
മേയ് 19, 2017
Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) – Lokseva Sahakari Bank Ltd., Pune, Maharashtra
Lokseva Sahakari Bank Ltd., Pune, Maharashtra, was placed under directions for a period of six months vide directive dated May 19, 2014 from the close of business on May 20, 2014 for a period of six months. The validity of the directions were extended five times for a period of six months each, vide order dated November 12, 2014; dated May 06, 2015; dated November 04, 2015; dated May 13, 2016 and dated November 11, 2016. Besides, the bank, vide Directive dated January
Lokseva Sahakari Bank Ltd., Pune, Maharashtra, was placed under directions for a period of six months vide directive dated May 19, 2014 from the close of business on May 20, 2014 for a period of six months. The validity of the directions were extended five times for a period of six months each, vide order dated November 12, 2014; dated May 06, 2015; dated November 04, 2015; dated May 13, 2016 and dated November 11, 2016. Besides, the bank, vide Directive dated January
മേയ് 18, 2017
RBI imposed penalty on The Karad Urban Co-operative Bank Ltd., Mumbai
The Reserve Bank of India has imposed a monetary penalty of ₹ 15.00 lakh (Rupees Fifteen Lakh only) on The Karad Urban Co-operative Bank Ltd., Mumbai in exercise of the powers vested in it under the provisions of Section 47A (1) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for breach of individual housing loan limit, breach of limit on loans for repair for house and diversion of loans for purchase of plot/land.
The Reserve Bank of India has imposed a monetary penalty of ₹ 15.00 lakh (Rupees Fifteen Lakh only) on The Karad Urban Co-operative Bank Ltd., Mumbai in exercise of the powers vested in it under the provisions of Section 47A (1) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for breach of individual housing loan limit, breach of limit on loans for repair for house and diversion of loans for purchase of plot/land.
മേയ് 16, 2017
RBI imposes Monetary penalty on Yeshwant Nagari Sahakari Bank Ltd., Latur (Maharashtra)
The Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees one lakh only) on Yeshwant Nagari Sahakari Bank Ltd., Latur, in exercise of powers vested in it under the provisions of Section 47A (1) (b) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) for violation of the Know Your Customer and RBI instructions. The Reserve Bank of India had issued a show cause notice to the bank, in response to whi
The Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees one lakh only) on Yeshwant Nagari Sahakari Bank Ltd., Latur, in exercise of powers vested in it under the provisions of Section 47A (1) (b) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) for violation of the Know Your Customer and RBI instructions. The Reserve Bank of India had issued a show cause notice to the bank, in response to whi
മേയ് 15, 2017
Pay IT dues in advance at RBI or at authorised bank branches – June 2017
It is observed that the rush for remitting Income –Tax dues through the Reserve Bank of India has been far too heavy towards the end of June every year despite providing additional counters to the maximum extent possible for the purpose. Consequently, the members of public are required to wait in queues at the Bank for unnecessarily long periods. To obviate the inconvenience involved, assesses are advised to avoid last minute rush by remitting their Income-tax dues su
It is observed that the rush for remitting Income –Tax dues through the Reserve Bank of India has been far too heavy towards the end of June every year despite providing additional counters to the maximum extent possible for the purpose. Consequently, the members of public are required to wait in queues at the Bank for unnecessarily long periods. To obviate the inconvenience involved, assesses are advised to avoid last minute rush by remitting their Income-tax dues su
മേയ് 09, 2017
Bharat Bill Payment System (BBPS) – Extension of timeline
The Reserve Bank of India has decided to extend the last date, from May 31, 2017 to December 31, 2017, for entities undertaking billing business under the current scope of BBPS, to either become an agent of an authorised BBPOU or exit the business of bill payments. This time-line is applicable to the entities, which did not apply for authorization as a BBPOU, or whose application for BBPOU has been returned by RBI, or which were granted extension of time by RBI but we
The Reserve Bank of India has decided to extend the last date, from May 31, 2017 to December 31, 2017, for entities undertaking billing business under the current scope of BBPS, to either become an agent of an authorised BBPOU or exit the business of bill payments. This time-line is applicable to the entities, which did not apply for authorization as a BBPOU, or whose application for BBPOU has been returned by RBI, or which were granted extension of time by RBI but we
മേയ് 08, 2017
Introduction of additional settlement batches in National Electronic Funds Transfer (NEFT) System
The Reserve Bank of India in its First Bi-monthly Monetary Policy Statement for 2017-18 has announced the introduction of additional settlements in the NEFT system to enhance the efficiency and add to customer convenience. The additional 11 settlements at half-hour intervals will be introduced with effect from July 10, 2017 (Monday) at 8.30 am, 9.30 am, 10.30 am ……… 5.30 pm and 6.30 pm, taking the total number of half hourly settlement batches during the day to 23. Th
The Reserve Bank of India in its First Bi-monthly Monetary Policy Statement for 2017-18 has announced the introduction of additional settlements in the NEFT system to enhance the efficiency and add to customer convenience. The additional 11 settlements at half-hour intervals will be introduced with effect from July 10, 2017 (Monday) at 8.30 am, 9.30 am, 10.30 am ……… 5.30 pm and 6.30 pm, taking the total number of half hourly settlement batches during the day to 23. Th
മേയ് 04, 2017
സര്‍ട്ടിഫിക്കറ്റ് ഓഫ് ആതറൈസേഷന്‍ റദ്ദു ചെയ്യുന്നു - M/s ബീം മണി പ്രൈവറ്റ് ലിമിറ്റഡ്
മേയ് 4, 2017 സര്‍ട്ടിഫിക്കറ്റ് ഓഫ് ആതറൈസേഷന്‍ റദ്ദു ചെയ്യുന്നു - M/s ബീം മണി പ്രൈവറ്റ് ലിമിറ്റഡ് പേയ്മെന്റ് ആന്റ് സെറ്റില്‍മെന്റ് നിയമം, 2007 വഴി നിക്ഷിപ്തമായ അധികാരം ഉപയോഗിച്ച് ഭാരതീയ റിസര്‍വ്വ് ബാങ്ക് താഴെപറയുന്ന പേയ്മെന്റ് & സിസ്റ്റം ഓപ്പറേറ്ററുടെ സര്‍ട്ടിഫിക്കറ്റ് ഓഫ് ആതറൈസേഷന്‍ റദ്ദു ചെയ്തിരിക്കുന്നു. കമ്പനിയുടെ പേര് രജിസ്റ്റേര്‍ഡ് ഓഫീസിന്റെ വിലാസം സര്‍ട്ടിഫിക്കറ്റ് നം. തീയതി പേയ്മെന്റ് സിസ്റ്റം റദ്ദു ചെയ്ത തീയതി ബീം മണി ബീം മണി പ്രൈവറ്റ് ലിമിറ്റഡ്, ന്യ
മേയ് 4, 2017 സര്‍ട്ടിഫിക്കറ്റ് ഓഫ് ആതറൈസേഷന്‍ റദ്ദു ചെയ്യുന്നു - M/s ബീം മണി പ്രൈവറ്റ് ലിമിറ്റഡ് പേയ്മെന്റ് ആന്റ് സെറ്റില്‍മെന്റ് നിയമം, 2007 വഴി നിക്ഷിപ്തമായ അധികാരം ഉപയോഗിച്ച് ഭാരതീയ റിസര്‍വ്വ് ബാങ്ക് താഴെപറയുന്ന പേയ്മെന്റ് & സിസ്റ്റം ഓപ്പറേറ്ററുടെ സര്‍ട്ടിഫിക്കറ്റ് ഓഫ് ആതറൈസേഷന്‍ റദ്ദു ചെയ്തിരിക്കുന്നു. കമ്പനിയുടെ പേര് രജിസ്റ്റേര്‍ഡ് ഓഫീസിന്റെ വിലാസം സര്‍ട്ടിഫിക്കറ്റ് നം. തീയതി പേയ്മെന്റ് സിസ്റ്റം റദ്ദു ചെയ്ത തീയതി ബീം മണി ബീം മണി പ്രൈവറ്റ് ലിമിറ്റഡ്, ന്യ
മേയ് 02, 2017
Applicable Average Base Rate to be charged by NBFC-MFIs for the Quarter Beginning April 01, 2017
The Reserve Bank of India has today communicated that the applicable average base rate to be charged by Non-Banking Financial Company – Micro Finance Institutions (NBFC-MFIs) to their borrowers for the quarter beginning April 01, 2017 will be 9.35 per cent. It may be recalled that the Reserve Bank had, in its circular dated February 7, 2014, issued to NBFC-MFIs regarding pricing of credit, stated that it will, on the last working day of every quarter, advise the avera
The Reserve Bank of India has today communicated that the applicable average base rate to be charged by Non-Banking Financial Company – Micro Finance Institutions (NBFC-MFIs) to their borrowers for the quarter beginning April 01, 2017 will be 9.35 per cent. It may be recalled that the Reserve Bank had, in its circular dated February 7, 2014, issued to NBFC-MFIs regarding pricing of credit, stated that it will, on the last working day of every quarter, advise the avera

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പേജ് അവസാനം അപ്ഡേറ്റ് ചെയ്തത്: ഓഗസ്റ്റ് 01, 2024