The regulator has imposed penalty after contemplating the financial institution’s reply to the showcause discover, oral submissions made throughout the private listening to and examination of additional clarifications/paperwork furnished by the lender. The Reserve Financial institution of India on Friday imposed a penalty of Rs 10 crore on HDFC Bank as a result of deficiencies
RBI
RBI additionally stated that the waiver of compound curiosity on all mortgage accounts which opted for moratorium throughout March-August 2020 may additionally put stress on banks’ monetary well being. The Reserve Financial institution of India (RBI) on Thursday stated that asset high quality of the banks would wish shut monitoring together with their preparedness for
General, the variety of frauds within the banking system declined 15% y-o-y by quantity and 25% y-o-y by way of worth throughout FY21. At the same time as variety of fraud instances have declined within the banking system throughout 2020-21 (FY21), situations of frauds have elevated within the personal banks, RBI stated in its annual
As per the brand new accounting norm, the distinction between gross sales proceeds of international foreign money and its weighted common holding price is handled as realised revenue or loss, because the case could also be. The Reserve Financial institution of India (RBI) on Thursday mentioned the second Covid wave’s macro-economic price to the nation
Alternate achieve/ loss from foreign exchange transactions, are the fallout of rupee depreciation; when RBI sells {dollars}, it sells them at present charges and books earnings since the price of acquisition of those {dollars} is taken because the weighted common historic price. By NR Bhusnurmath Early final week, the Centre obtained an sudden bonanza from
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