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2025-02-14 01:18:41| The Economic Times

RBI has told at least two state-owned banks to penalize corporate clients for breaching foreign exchange laws by obtaining guarantees from overseas banks. While such guarantees are barred under FEMA, RBI's 2019 master direction allows them. The discrepancies between these regulations have led to confusion and potential legal conflicts, prompting RBI to demand regularization.

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2025-02-14 01:10:52| BBC News | Business | World Edition

Help to fix unsuitable insulation under government schemes only applies to work done since 2022.

Category: News and Media

2025-02-14 01:10:34| The Economic Times

The Reserve Bank of India has placed restrictions on New India Co-operative Bank of Mumbai, citing liquidity concerns. With deposits amounting to Rs 2436 crores at the end of March 2024, the bank is now prohibited from granting loans, renewing advances, or accepting new deposits starting February 13, 2025, to safeguard depositors' interests.

Category: News and Media

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