Reserve Bank Of India Rbi
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10 things to know about Reserve Bank of India's Integrated Ombudsman Scheme
Fp Staff •The scheme aims to provide a simple and effective way for customers of various financial services to resolve their complaints. It was launched by Prime Minister Narendra Modi on 12 November, 2021
RBI imposes penalty on 14 banks for contravention of regulatory norms
•Rs 1 crore penalty has been imposed each on SBI, Bank of Maharashtra, Central Bank of India, and Punjab and Sind Bank, among others
Only loan accounts without default as of 1 March can apply for restructuring, clarifies RBI
•The Indian central bank also clarified that all farm credit exposures, including from NBFCs, can be recast under the pandemic-related resolution framework issued in August, but loans to allied activities are excluded
Electoral bonds a 'political bribery scheme', govt must disclose all details before Parliament, says Congress
•The Congress demanded on Wednesday that the government must disclose all details about electoral bonds before Parliament, alleging that the scheme resulted in money laundering and destroyed transparency in the funding of political parties
PMC Bank scam: Depositors continue protest seeking payback; police detains three agitators
•Depositors of the PMC Bank on Wednesday protested in the financial capital, seeking an immediate payback of their dues from the troubled cooperative
PMC Bank scam: Depositors continue with their protests by agitating outside RBI office, seek payback of stuck money
•Harried depositors of the troubled Punjab and Maharashtra Cooperative (PMC) Bank continued with their protests by agitating outside an office of the Reserve Bank here on Tuesday, to demand a payback of their stuck money
ATM cash crunch LATEST updates: Govt meets PSBs, says most ATMS will be operational within 24hrs
Fp Staff •Several parts of Andhra, Telangana, Madhya Pradesh, Bihar, Uttar Pradesh, Punjab and Chhattisgarh and poll-bound Karnataka have been reporting cash shortages at ATMs.
Rot in PSBs Part 3: Nirav Modi scam shows it's time Parliament reexamined banking laws, brought in transparency
Shubho Roy •Transparency and information systems of the RBI need to be overhauled
Sharia banking: RBI proposes opening 'Islamic window' in banks
•The Reserve Bank of India (RBI) has proposed opening of "Islamic window" in conventional banks for "gradual" introduction of Sharia-compliant or interest-free banking in the country.