The Reserve Bank of India has imposed a penalty of Rs 15 lakh on Fedbank Financial Services Limited, Mumbai. The penalty has been imposed for non-compliance with “certain provisions of the directions issued by the Reserve Bank of India (RBI) contained in ”Monitoring of Frauds in NBFCs (Reserve Bank) Directions, 2016′.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
The statutory inspection of the company with reference to its financial position as of March 31, 2019, revealed, inter alia, non-compliance with the directions issued by it. The inspection report of the Koyana Sahakari Bank based on its financial position as of March 31, 2019, revealed that it had exceeded the prudential inter-bank (single bank) exposure limit.
Mysore, a city in the southern state of Karnataka, India, is famous for its rich…
The upcoming Champions Trophy 2025 marks the ninth edition of the ICC Champions Trophy, featuring…
The 2025 ICC Champions Trophy is set to mark the ninth edition of this prestigious…
India's nuclear program focuses on using nuclear energy for peaceful purposes, like producing electricity and…
Uttar Pradesh, located in northern India, is the country's most populous state. Known for its…
The Ministry of Defence announced the theme for the Republic Day 2025 tableaux as “Swarnim…