Bank holiday 2025: Are banks open or closed today on 13 March 2025 for Holika Dahan?
Holika Dahan, celebrated on March 13, 2025, will lead to bank holidays in many states. However, banks will continue to function as usual in all other states. Digital banking services will remain ...
RBI to meet banks on liquidity framework next week, changes on cards, sources say
The Reserve Bank of India is meeting lenders next week to discuss its liquidity management framework, and could announce ...
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RBI Imposes Rs 75 Lakh Penalty On HDFC Bank For Breach Of Norms
The Reserve Bank of India (RBI) has imposed a penalty of Rs 75 lakh on HDFC Bank, the country's largest private sector lender, for not complying with directions in the RBI's Know Your Customer ...
Mint3d
RBI imposes monetary penalty of ₹75 lakh on HDFC Bank for violating customer KYC norms
RBI imposed a monetary penalty of ₹75 lakh on HDFC Bank over non-compliance with KYC norms. The RBI had also conducted a statutory ‘Inspection for Supervisory Evaluation’ of the bank, based ...
The Financial Express3d
RBI slaps Rs 75 lakh fine on HDFC Bank for KYC norm violations
Upon reviewing HDFC Bank’s response and additional submissions, RBI identified two critical areas of non-compliance: Risk categorisation failure: The bank failed to categorise certain customers ...
The Financial Express14d
RBI says IndusInd Bank ‘well-capitalised’, ‘financial health stable’
IndusInd Bank has appointed Grant Thornton to conduct a forensic review in the accounting discrepancy case. Image: Reuters The latest on IndusInd Bank derivative discrepancy issue- The Reserve ...
Mint14d
RBI directs IndusInd Bank to complete remedial action in Q4: ‘Well capitalised, depositors need not worry’
Earlier this week, IndusInd Bank disclosed an accounting discrepancy with an estimated impact of 2.35 per cent of the bank's net worth. Soon after the disclosure, IndusInd Bank's share price ...
Business Line6d
RBI’s $10 b forex swap oversubscribed 2.22 times
The swap auction is part of the Central bank’s measures to inject the rupee liquidity into the banking system. | Photo Credit: FRANCIS MASCARENHAS The Reserve Bank of India (RBI) received a good ...
Indiatimes4d
RBI revises priority sector lending guidelines, increases loan limits for housing, renewable energy
The Reserve Bank of India (RBI) has introduced new guidelines for Priority Sector Lending (PSL) effective from April 1, 2025. Key updates include increased loan limits for housing, expanded ...
Indian non-bank lenders to tweak funding mix after RBI relaxes banks' lending norms
Indian non-banking financial companies (NBFCs) are likely to tweak their funding pattern in the upcoming financial year, as the Reserve Bank of India's relaxation of some lending norms could nudge ...
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IndusInd Bank shares jump 3% as RBI says bank is 'well-capitalized'
Shares of private lender IndusInd Bank Ltd. jumped over three percent on March 17 as the Reserve Bank of India (RBI) issued a statement addressing speculation regarding IndusInd Bank Ltd ...