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RBI imposes monetary penalty on PNB for non-compliance reg loans and Advances & KYC norms | Central...
Central Chronicle· 6 days ago...Reserve Bank of India (RBI) has, by an order dated July 3, 2024, imposed a monetary penalty of Rs 1,31,80,000 on Punjab National Bank for non-compliance with certain directions issued by RBI on ‘Loans and Advances: Statutory and Other Restrictions’, and ‘Reserve Bank of India (Know Your Customer...
Rising compliance costs, processes stifling smaller PMS funds, say portfolio managers
CNBC Awaaz· 3 hours agoThe road to hell is paved with good intentions, goes the saying, which Portfolio Management Services (PMS) funds may quite agree with. Smaller PMS players are finding compliance< ...
Audit panels of companies should step up engagement with auditors: NFRA chief Ajay Bhushan Prasad...
The Economic Times· 14 hours agoAudit panels of companies, comprising mostly independent directors, need to deepen their engagement...
Digital lender RING appoints Kiran Singh as Chief Compliance Officer - ET BFSI
The Economic Times· 4 days agoWith over 20 years of experience in the financial sector, Kiran Singh will play a key role in...
Compliances cut, MCA gets tough on flouting companies law
The Economic Times· 4 days agoArms of the ministry of corporate affairs (MCA) have stepped up enforcement action in recent...
RBI penalizes PNB, four other banks for regulatory non-compliance in first week of July
The Economic Times· 7 days agoIn the first week of July, the Reserve Bank of India (RBI) penalized Punjab National Bank (PNB) and...
RBI fines Punjab National Bank for breach of rules - ET LegalWorld
The Economic Times· 6 days agoRBI Fines: The Reserve Bank of India (RBI) said on Friday that it has imposed a penalty of Rs 1.32...
CFOs must embrace transparency, auditors discern regulatory intent: RBI DG Swaminathan - ETCFO
The Economic Times· 2 days agoWhile addressing the Conference of Statutory Auditors and Chief Financial Officers of Commercial...
RBI Imposes Heavy Penalties On 5 Banks Including PNB For Regulatory Non-Compliance
Free Press Journal· 6 days agoThe public sector Punjab National Bank (PNB) faced the wrath of the banking regulator imposing penalties of Rs 1.31 crore for flouting RBI regulations on loans and advances statutory and others restrictions and KYC norms.
Number of children in non-institutional care increased fourfold between 2021-22 and 2023-24: Govt |...
Business Insider India· 2 days agoIn the financial year 2021-22, 29,331 children were covered by non-institutional care. This number...