WebApr 12, 2024 · The Reserve Bank of India pulled up banks for overcharging borrowers in the guise of penal interest rates and has come up with proposals to protect borrowers from unjustified rates.In a draft circular on levying penal charges on loan accounts, the regulator said that penalty should be levied as a charge and not as a compounding interest rate. WebApr 8, 2024 · The Reserve Bank of India (RBI) on Friday has imposed monetary penalties of Rs 93 lakh and Rs 90 lakh on Axis Bank and IDBI Bank, respectively, for certain non-compliances from both the lenders.
RBI to stop banks from capitalising penal charges on defaults
WebJul 28, 2024 · The Reserve Bank of India (RBI) imposed a penalty of Rs 5 crore on Axis Bank for non-compliance with various regulatory provisions under Section 47 A (1) (c) read with … WebThe Reserve Bank of India (RBI) has imposed a penalty of Rs 30 lakh on Karur Vysya Bank for violating rules. ... Axis Bank signed co-lending pact with Autotrac Finance through Yubi Note: Axis Bank has entered into a co-lending pact with Autotrac Finance (AFL) ... sigmund freud psychological positivism
RBI imposes penalties on Axis Bank, IDBI Bank - The Economic …
WebMar 5, 2024 · Mumbai, March 5 The Reserve Bank of India (RBI) has imposed a penalty of Rs 3 crore on private sector Axis Bank for violation of non-performing asset (NPA) … WebJul 28, 2024 · The Reserve Bank of India (RBI) on Tuesday said it has imposed a penalty of Rs 5 crore on Axis Bank for contravention of certain provisions of directions issued by the … WebSep 5, 2024 · RBI imposes fine on 8 urban co-operative banks for breach of various norms. The Reserve Bank has imposed penalties on five cooperative banks, including Rs 25 lakh on The Karnataka State Co-operative Apex Bank, Bengaluru, for deficiencies in regulatory compliance. The penalty on The Karnataka State Co-operative Apex Bank Ltd has been … the prisoner of 2nd avenue movie