banking regulation

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    RBI Defers Acquisition Finance Guidelines by Three Months

    Mumbai, March 30 The Reserve Bank of India on Monday deferred the implementation of acquisition finance guidelines by another three months to July 1 this year, following feedback from stakeholders.The central bank stated that it has also revised the "Amendment Directions on Capital Market...
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    JP Morgan Chase Settles Sebi FPI Rule Violation

    New Delhi, March 20 American multinational bank JP Morgan Chase has settled with the capital markets regulator Sebi a case related to alleged violation of FPI rules after paying ₹34.42 lakh towards settlement charges.The settlement order came after the bank filed a suo-motu settlement...
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    Chakraborty's Resignation: HDFC Bank Addresses Missing Details

    Mumbai, March 19 HDFC Bank's chief executive and managing director Sashidhar Jagdishan said on Thursday that its former chairman Atanu Chakraborty was asked to reconsider his decision to resign, elaborate on concerns involving ethics, and also "take back some of the language" in the resignation...
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    RBI Monitoring HDFC Bank; New Chairman Arrangement Established

    March 19, New Delhi – The Reserve Bank has taken note of the recent developments at HDFC Bank, and a transitional arrangement is being put in place regarding the position of the bank's Part-Time Chairman.HDFC Bank is a Domestic Systemically Important Bank (D-SIB) with sound financials, a...
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    Ministry of Cooperation Addresses Vacancies and Disputes

    New Delhi, March 12 The Ministry of Cooperation is working to strengthen democratic governance in cooperative institutions through a series of legislative reforms, Union Minister Krishan Pal Gurjar said on Thursday.Speaking at a national seminar on transparency in the elections of multi-state...
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    Banking Reform and Digital Asset Oversight Under Scrutiny

    Washington, February 28 – US banking regulators defended sweeping efforts to recalibrate capital rules and formalize crypto oversight as senators clashed over Basel reforms, political “debanking,” and consumer safeguards in a hearing with global implications for capital flows and digital...
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    State Government Oversight Questioned Amid Haryana Bank Fraud

    Chandigarh, February 23 The AAP alleged on Monday that the Rs 590-crore "bank fraud" reported in Haryana reflects "serious negligence and administrative failure" of the state's BJP government.In a statement issued here, Aam Aadmi Party's (AAP) national media in-charge Anurag Dhanda targeted...
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    Finance Minister Calls for Customer-Centric Banking, Focus on Loans and Deposits

    New Delhi, Feb 23 – Finance Minister Nirmala Sitharaman on Monday strongly criticized banks for mis-selling financial products, including insurance, to customers, urging them to focus on their core business instead."Banks should concentrate on their core business...My main concern has always...
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    Haryana Government Fraud at IDFC First Bank Under Review

    New Delhi, February 23 The RBI is monitoring the developments surrounding the Rs 590 crore fraud at IDFC First Bank, and there is no systemic issue, Governor Sanjay Malhotra said on Monday.IDFC First Bank had disclosed on Sunday that certain employees and others at a particular branch in...
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    IDFC First Bank Discovers Rs 590 Cr Fraud Involving Haryana Government Accounts

    Mumbai, February 22 IDFC First Bank disclosed on Sunday that its employees and others had committed a fraud of Rs 590 crore involving accounts held by the Haryana government with the private sector lender.In a regulatory filing made in the early hours, IDFC First Bank said it had informed the...
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