RBI Archive

RBI directs NBFCs to appoint nominated counsels in High Court

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RBI directs NBFCs to appoint nominated counsels in High Court to represent them when a petition is filed seeking interim orders/ directions against any NBFC Reserve Bank of India Appointment of nominated counsel in the Hon’ble High Court of Delhi at New Delhi- Compliance of the Order dated 21.07.2017

 

Overall business sentiments in Indian manufacturing sector declined – RBI Survey

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Overall business sentiments in Indian manufacturing sector declined as per RBI Industrial Outlook Survey of the Manufacturing Sector for Q1:2017-18 RBI Industrial Outlook Survey of the Manufacturing Sector for Q1:2017-18 Today, the Reserve Bank released results of the 78th round of the Industrial Outlook Survey (IOS) conducted in April-June

 

General prices increase expectiation higher in next 3 months than in previous 2 rounds – RBI Survey

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General prices increase expectiation higher in the next 3 months than in previous two rounds-Households Inflation Expectations Survey of RBI Today, the Reserve Bank has released the June 2017 round of the Inflation Expectations Survey of Households (IESH) conducted in 18 cities. The results are based on responses from 4,737

 

Households perceptions on employment have turned pessimistic as per RBI Consumer Confidence Survey – June 2017

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Households perceptions on employment have turned pessimistic. RBI releases results of forward looking Surveys. Consumer Confidence Survey (CCS) – June 2017  Consumer Confidence Survey by RBI The June 2017 round of the Consumer Confidence Survey (CCS) conducted by the Reserve Bank of India in six metropolitan cities – Bengaluru; Chennai;

 

RBI imposes penalty of Rs 20 million on UBI for flouting KYC norms for certain accounts related to fraud

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RBI imposes monetary penalty of Rs 20 million on Union Bank of India for non-compliance with KYC norms for certain accounts related to fraud in a bank Reserve Bank of India Date : Jul 31, 2017 Reserve Bank of India imposes monetary penalty on Union Bank of India The Reserve

 

RBI sets up Supervisory Colleges for six Scheduled Commercial Banks having sizeable international presence

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RBI sets up Supervisory Colleges for six Scheduled Commercial Banks which have sizeable international presence  Press Information Bureau  Government of India Ministry of Finance 28-July-2017 15:39 IST RBI sets up Supervisory Colleges for six Scheduled Commercial Banks which have sizeable international presence  Reserve Bank of India (RBI) has informed

 

Minimum rest period of SCA in private/foreign Bank made 6 years

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Minimum rest period of SCA in private-foreign bank made 6 years. An audit firm will not be eligible for appointment for 6 years after completion of its term Reserve Bank of India Appointment of Statutory Central Auditors (SCAs) – modification of rest period RBI/2017-18/29 DBS.ARS.BC.04/08.91.001/2017-18 July 27, 2017 The