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Bharti Airtel is largest telecom operator in terms of subscriber base. (Photo: AFP)

RBI imposes Rs 5 crore penalty on Airtel Payments Bank

RBI imposed penalty on Airtel Payments Bank for violating operating guidelines and KYC norms.

10 March 2018 10:54 AM IST

SBI Cards is also in the process of speeding up customer acquisition process by reducing the delivery period so that more and more people are added to the network.

RBI slaps Rs 40 lakh penalty on SBI for flouting counterfeit notes...

RBI found deficiencies on SBI's part in regulatory compliance with counterfeit notes regulations.

8 March 2018 11:27 AM IST

The RBI has always said monetary policy should be accompanied by fiscal policy if the wheels of the economy are to be greased. (Photo: PTI)

RBI slaps Rs 3 crore penalty on Axis Bank, 2 crore on IOB

RBI carried out a statutory inspection of Axis Bank with reference to its financial position as on March 31, 2016.

6 March 2018 10:48 AM IST

The government is considering converting GST Network- which is handling the IT infrastructure of the new indirect tax regime - into a state-owned company, an official source said.

Revenue dept to make businesses file GST returns within deadline

The due date for filing GST summary returns for a month is 20th day of the subsequent month.

20 May 2018 12:16 PM IST

Telecom Commission on Tuesday approved a proposal for allowing mobile phone calls and internet services in domestic and international flights in India.

Centre to ensure quality mobile network services, says Manoj Sinha

Government will ensure that quality service is given to the consumers.

17 May 2018 8:38 PM IST

Air India and its subsidiaries have nearly 20000 employees. Among them Air India has only 11,500 employees. Air India management has not offered their employees for voluntary buyouts, an Air India spokesperson said..

Air India may have to pay USD 8.8 million penalty to passengers

Air India may have to pay a penalty of USD 8.8 million to 323 passengers of its May 9 Delhi-Chicago flight.

17 May 2018 1:54 PM IST

A clandestine supply of plastic carry bags from neighbouring cities has further added to the plastic menace in the city.

Use of plastic carry bags widespread despite ban

Mumbai generates 7,200 metric tonnes of garbage daily, a significant portion of which is plastic.

18 March 2018 5:14 AM IST

Bank re-iterated that it continues to give utmost importance to regulatory compliance and endeavors to meet supervisory expectations. (Photo: ANI)

ICICI issues clarification on penalty by RBI

RBI has imposed a penalty on the Bank for continued sale of government securities classified as HTM.

30 March 2018 9:48 AM IST

ICICI Banks USD 7.5 billion global medium-term notes programme.

RBI imposes Rs 59 cr fine on ICICI Bank for violating securities sale...

The RBI allows banks to sell securities from HTM subject to certain limits and disclosure rules.

29 March 2018 2:30 PM IST

Union Bank of India Ltd reported on Thursday a 25.83 billion-rupee net loss for its fourth quarter.

RBI fines Union Bank Rs 1 crore for delay in fraud detection,...

However, the bank said that the amount of the penalty is not material considering the size of the bank.

7 Sept 2018 3:16 PM IST

In April 2018, US Citizenship and Immigration Services announced it had received 1,90,000 H-1B visa petitions.

Penalty imposed on US company for paying low wages to H-1B employees

The Wage and Hour Division has listed nearly 30 companies as willful violator employers under the H-1B program.

14 Sept 2018 8:36 AM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.

RBI penalises 2 UP-based cooperative banks

RBI had issued a show cause notice to the bank, in response to which the bank had submitted a written reply.

18 Sept 2018 6:06 PM IST