banking regulation act

According to RBI, SBI has held shares in the borrower companies of an amount more than 30% of the paid-up share capital of those companies. The country’s largest lender State Bank of India has been imposed a penalty of Rs 1 crore by…

All Co-Operative Banks In India Will Come Under RBI 'Supervision'; Is This Regulation? The Lok Sabha passed an amendment to the Banking Regulation Act to bring cooperative banks under the supervision of the RBI on Wednesday, in a bid to…

RBI Will Control 1,540 Cooperative Banks With 8.5 Cr Customers, Rs 5 Lakh Cr Deposits; But Why? In an attempt to address weaknesses in the cooperative banking sector and avoid duplication of scams like The Punjab and Maharashtra…

RBI Will Take Control Of 1,551 Urban Co-operative Banks Having Business Of Rs 7 Lakh Crore: What Does This Mean To Customers? It has been reported that the Central GST collection has fallen short of the budged estimate by nearly 40%,…