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RBI imposes 1.45 crore fine on Central Bank of India, 96.4 lakh on Sonali bank

RBI cited violations in customer protection and know-your-customer (KYC) norms.

Representational(Reuters)
Published on Jun 15, 2024 06:24 PM IST
By | Edited by Abhyjith K. Ashokan

India’s foreign exchange reserves rise to new record after elections

The rupee weakened this week, like other emerging markets currencies, closing at 83.5612 a dollar on Friday.

Representational
Published on Jun 15, 2024 05:02 PM IST
Bloomberg |

Bank penalised for failing to resolve Chandigarh resident’s cyber fraud complaint

The Chandigarh-based complainant alleged that after multiple communications, ₹45,000 was credited to his account, but the bank closed the complaint for the second transaction of the same amount after citing it to be duplicate

The district consumer disputes redressal commission fined the bank <span class='webrupee'>₹</span>12,000. (HT File)
Updated on Jun 14, 2024 09:32 AM IST
By, Chandigarh

ATM users may have to pay more for withdrawals. Here's why

Interchange fees is paid by customers for cash withdrawals at ATMs and CATMI is seeking to raise it to a maximum of ₹23 per transaction.

Interchange fees is paid by the card-issuing bank to the bank where the card is used to withdraw cash.
Updated on Jun 14, 2024 02:03 PM IST

Growth-inflation balance now favourable, says RBI

Analysts believe that the monsoon and the next government’s Budget will be the key factor which determines which interest rates start coming down

RBI Governor Shaktikanta Das addresses during a press conference regarding the monetary policy decisions, in Mumbai on Friday. (ANI)
Updated on Jun 08, 2024 05:30 AM IST
By, New Delhi
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