The external directors raising the issue comes at a time when the RBI is facing a lot of flak over its inspection and oversight mechanism efficiency.

Based on the Finance Minister's statements earlier this week, speculations are that two major announcements could be made in order to give the industry a leg-up

This indicates that Gill is not only cleaning up the balance sheet of Yes Bank but also the governance practices, which led to the ouster of Kapoor by the regulator earlier this year

Punjab National Bank (PNB) in a regulatory filing said the RBI informed the bank about the penalty regarding the SWIFT rules in a letter dated March 25

\"The bank has reported a fraud to RBI amounting to Rs 13.26 crore in the fund based working capital facility that was extended to SRS Finance,\" Karnataka Bank said in a filing to the Bombay Stock Exchange.

The penalties, ranging from Rs 1 crore to Rs 4 crore, were imposed by orders dated January 31, 2019, and February 25, 2019, the RBI said in a statement.

The central bank has slapped Rs 4 crore penalty on Bank of Baroda, while it levied a fine of Rs 2 crore on Canara Bank for delayed implementation of the Swift related operational controls.

Samjhauta Express leaves Lahore station for Delhi after Pakistan restores servicePakistan on Monday restored the Samjhauta Express services between Lahore and Delhi, days after the train was suspended due to tense bilateral ties in the wake of the Pulwama terror attack and the subsequent aerial engagement between the air forces of the two countries. The train service was started on July 22, 1976 under the Shimla Agreement that settled the 1971 war between the two nations.Wing Comm...

Yes Bank in a regulatory filing said that the Reserve Bank of India (RBI) imposed a fine of Rs 10 million (Rs 1 crore) on it for non-compliance in Swift related operational controls.

While the RBI imposed a Rs 4 crore penalty on Karnataka Bank, it slapped a fine of Rs 3 crore each on United Bank and Indian Overseas Bank. Besides, the regulator has also levied Rs one crore fine on Karur Vysya Bank.

The Reserve Bank of India has levied an aggregate penalty of Rs 4 crore on the bank for delayed implementation of four of the Swift related operational controls.

In a filing to the BSE, Dena Bank said the Reserve Bank has imposed a penalty of Rs 2 crore on it for non-compliance with the directions issued on February 20, 2018.