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RBI cancels licence of Rupee Co-operative Bank Ltd, Pune to carry on banking business in India
The Reserve Bank of India (RBI), vide order No.DOR.MON.LC-04/12.22.218/2022-23 dated August 08, 2022, had cancelled the banking licence...
Nov 3, 20221 min read


RBI launches a pan-India awareness programme through Ombudsman Speak and Ombudsman Talkathon events
The Reserve Bank of India (RBI) has been taking several initiatives to improve customer awareness of extant regulations to protect...
Nov 3, 20221 min read


A Judgment-decree provides a fresh cause of action to move the application under section 7 of IBC
The National Company Law Appellate Tribunal NCLAT), New Delhi Bench comprising Justice Ashok Bhushan, Chairperson, Dr. Alok Srivastava...
Nov 2, 20223 min read


Reserve Bank amends the "Eligibility Criteria for offering Internet Banking Facility by RRBs 2022"
Reserve Bank of India (RBI), in the exercise of the powers conferred by Sections 35A of the Banking Regulation Act, 1949, amends the...
Nov 2, 20222 min read


IBBI (Model Bye-Laws and Governing Board of IPAs) (2nd Amendment) Regulations, 2022
Notification No. IBBI/2022-23/GN/REG101 dt. 31st October 2022—In exercise of the powers conferred by sections 196, 203 and 205 read with...
Nov 2, 20221 min read


RBI imposes a monetary penalty of ₹ One Crore and Seventy Six Lakh on Vakrangee Limited
The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹1,76,00,000 (Rupees One Crore and Seventy-Six Lakh only) on Vakrangee...
Nov 1, 20221 min read


Central Bank Digital Currency (CBDG), launched today by Reserve Bank of India
Reserve Bank of India (RBI) vide a Press Release dated October 7, 2022, announced that the RBI will soon commence pilot launches of...
Nov 1, 20221 min read


Bank holidays in the month of November 2022
The banks in the month of November 2022 will remain closed for 10 days. In October, banks were closed for 21 days as Navratri, Durga...
Oct 31, 20221 min read


Reserve Bank of India imposes monetary penalty on Banda Urban Co-operative Bank Ltd, Banda
The Reserve Bank of India (RBI) has imposed, by an order dated October 27, 2022, a monetary penalty of ₹2.00 lakh (Rupees Two Lakh only)...
Oct 31, 20221 min read


Making payment of pre-CIRP dues from the account of CD is violation of Section 14(1)(b) & 208(2)(a)
The Disciplinary Committee (DC) of the Insolvency and Bankruptcy Board of India (Board) noted that the Resolution Professional (RP) has...
Oct 31, 20225 min read
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