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RBI imposes penalty on 5 foreign banks for violating FEMA rules
The Reserve Bank of India (RBI) has slapped a fine on five foreign banks, namely, Deutsche Bank, Standard Chartered Bank, Bank of America, Bank of Tokyo Mitsubishi and The Royal Bank of Scotland for violating reporting requirements of the Foreign ..
Central Bank auctions Treasury Bills under MSS
Reserve Bank of India today auctioned 35-days Treasury Bills worth Rs. 60,000 Crores under the aegis of Market Stabilization Scheme as a step to clean the extra liquidity from the system. The bids were submitted via an electronic format on ..
Nachiket Mor Committee recommendations
The “Committee on Comprehensive Financial Services for Small Businesses and Low Income Households” was set up by the RBI in Sep 2013 under the chairmanship of Nachiket Mor, an RBI board member. RBI released the voluminous and detailed Report of ..
Ravneet Gill will be new CEO of Deutsche Bank India
Ravneet Gill appointed as new CEO of the bank’s Deutsche Bank for its Indian operations. Mr. Gill replaced Gunit Chadha, who was elevated as co-chief executive of Asia Pacific along with AlanCloete.
Month: Current Affairs - August, 2012
Regulators in Europe, US and Asia investigating financial institutions
Regulators in the United States, Europe and Asia are scanning a number of key financial institutions for manipulating Inter-Bank Lending rates. In this context, Barclays Bank was fined $ 452 million which is the first company to admit such fault. ..
Month: Current Affairs - June, 2012
IBPS →CWE (PO/ Management Trainees-II) Recruitment 2012 Guide
The Institute of Banking Personnel Selection (IBPS) is going to conduct the 2nd Common Written Examination (CWE- PO/ MT- II) for recruitment of Probationary Officers/ Management Trainees post in 19 public sector banks of India. The tentative date of examination ..