The Seven NBFCs surrender their Certificate of Registration granted to them by the Reserve Bank of India (RBI). These companies shall not transact the business of a Non-Banking Financial Institution, as defined in clause (a) of Section 45-I of the RBI Act, 1934. Read the full Press Release Issued by RBI: Date: Oct 12, 2021 […]
The Reserve Bank of India (RBI) cancels the Certificate of Registration of Six Non-Banking Financial Companies (NBFCs). Date: Oct 12, 2021 The Reserve Bank of India, in the exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of Registration of the following companies. […]
The Reserve Bank of India (RBI) Bans Haribhakti & Co. LLP from undertaking any type of audit in any of the entities regulated by RBI for a period of 2 years with effect from April 1, 2022. This action has been taken on account of the failure on the part of the audit firm to […]
The Reserve Bank of India (RBI – the apex bank ) will impose a monetary penalty under the “Scheme of Penalty for non-replenishment of ATMs” effective from October 01, 2021. Cash-out at any ATM of more than ten hours in a month will attract a flat penalty of ₹ 10,000/- per ATM. Read the full […]
NEFT System Upgrade – Downtime from 00.01 Hrs to 14.00 Hrs. on Sunday, May 23, 2021 As per the latest tweet of RBI The official Press Release by RBI PRESS RELEASES Date : May 17, 2021 NEFT System Upgrade – Downtime from 00.01 Hrs to 14.00 Hrs. on Sunday, May 23, 2021 A technical upgrade […]