RBI imposes Rs 5 cr penalty on Syndicate Bank

Mumbai |Friday, 2017 8:45:04 PM IST

The Reserve Bank of India (RBI) has imposed a penalty of Rs 5 crore on Syndicate Bank for non-compliance with its directions on "Cheque Purchase or Discounting, Bill Discounting, and Know Your Custome

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Cabinet clears bill to set up arbitration council

New Delhi |Friday, 2017 7:45:04 PM IST

The Union Cabinet, chaired by Prime Minister Narendra Modi, on Friday cleared a bill for establishing an Indian council of international arbitration.A

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SC allows appointment of presiding arbitrator in Vodafone tax dispute case

New Delhi |Thursday, 2017 7:45:06 PM IST

In a victory of sorts for Vodafone, the Supreme Court on Thursday said that the process for appointing a presiding arbitrator in the second arbitration in tax demand of Rs 11,218 crore initiated by tw

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RBI initiates PCA against Corporation Bank

Mumbai |Wednesday, 2017 11:15:04 PM IST

The Reserve Bank of India (RBI) has initiated "prompt corrective action" (PCA) against state-run lender Corporation Bank in the view of its high non-performing assets (NPAs).

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RBI imposes Rs 3 cr penalty on IndusInd Bank

New Delhi |Wednesday, 2017 11:15:04 PM IST

The Reserve Bank of India (RBI) has imposed a penalty of Rs 3 crore on IndusInd Bank for non-compliance with its directions on "Income Recognition and Asset Classification" (IRAC) norms and contravent

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SC to now hear Centre's plea against Vodafone's second arbitration bid on Thursday

New Delhi |Wednesday, 2017 8:15:06 PM IST

The Supreme Court on Wednesday deferred for Thursday the hearing of the Central government's plea challenging Delhi High Court order allowing Vodafone Group to go ahead and participate in the process

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Delhi government to act against schools for arbitrary fee hike

New Delhi |Wednesday, 2017 7:15:25 PM IST

The Delhi government on Wednesday decided to act strictly against private schools that arbitrarily increased school fees citing the Seventh Pay Commission revision as reason.

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Case registered against SBI manager for fake notes submission to RBI after demonetisation

Banda | Tuesday, Dec 12 2017 IST

Uttar Pradesh police has registered the case in the matter of deposit of fake currency notes in bank here after demonetisation. Superintendent of Police Shalini here on Tuesday said that main branch o

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Is going to temples forbidden, asks Rahul

Ahmedabad |Tuesday, 2017 8:45:05 PM IST

Congress President-elect Rahul Gandhi on Tuesday asked if visiting temples was forbidden, adding he felt very nice about it and prayed for the golden future of Gujarat.

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Financial stability, inclusion go together: Ex-RBI chief

New Delhi |Monday, 2017 3:15:05 PM IST

Programmes of financial inclusion are part of the larger financial system, the stability of which is essential to the success of the inclusive initiatives, a former Reserve Bank of India (RBI) Governo

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RBI Governor at centre of Ravi Subramanian's next thriller

New Delhi |Wednesday, 2017 5:15:05 PM IST

Former Reserve Bank of India (RBI) Governor Raghuram Rajan may have stopped making headlines every other day but his tenure is enough inspiration for leading thriller writer Ravi Subramanian to pen a

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