Mumbai, February 13 The Reserve Bank proposed on Friday allowing banks to extend loans to REITs, capping the total exposure at 49 percent of the asset value under each investment trust.Banks will provide loans only to listed Real Estate Investment Trusts (REITs).Currently, there are five...
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Mumbai, February 13 The Reserve Bank of India (RBI) imposed monetary penalties on Bank of Maharashtra, DCB Bank, and CSB Bank on Friday for non-compliance with directions.The central bank imposed a fine of Rs 32.50 lakh on Bank of Maharashtra, Rs 29.60 lakh on DCB Bank, and Rs 63.60 lakh on...
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New Delhi, February 13 Sebi Chairman Tuhin Kanta Pandey on Friday highlighted the risks posed by artificial intelligence in the financial system and stated that regulations must evolve to supervise systems and technology, and manage the boundary between regulated finance and unregulated digital...
Mumbai, February 11 RBI Deputy Governor Swaminathan J. said that ethics in banking is not a soft topic but a core safeguard for the financial system.Strong ethical standards protect customers, employees, and institutions, the career banker-turned-central banker said."Ethics in banking is...