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Waqf Amendment Bill To Be Tabled In Parliament's Budget Session
16 Bills, including the Finance Bill 2025, amendments to the Waqf and Banking Regulations Act, and the merging of the Indian Railways and Indian Railways Board Acts, will be tabled in Parliament's Budget session.
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16 Bills, Including Waqf Amendment Act, To Be Tabled In Budget Session
Sixteen bills, including the Finance Bill 2025, amendments to the Waqf and Banking Regulations Act, and the merging of the Indian Railways and Indian Railways Board Acts, will be tabled in Parliament's Budget session, which begins Friday.
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Morgan Stanley Will Work With US Regulators to Examine Safe Ways to Offer Crypto, CEO Says
In a fresh development, Morgan Stanley CEO, Ted Pick has said that the bank wishes to examine if it can act as a crypto transactor while keeping its regulatory obligations intact. To do so, the New York City-headquartered bank plans to ramp-up discussions with US lawmakers in the coming months. Â
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Axis Bank, HDFC Bank Fined 2.91 Crore For Deficiencies In Regulatory Compliance
The RBI said a penalty of Rs 1.91 crore has been imposed on Axis Bank for contravention of certain provisions of the Banking Regulation Act, and non-compliance with certain directions.
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Paytm Payments Bank CEO Surinder Chawla Resigns
Beleaguered Paytm Payments Bank's managing director and CEO Surinder Chawla has resigned from the company, a regulatory filing said on Tuesday. Chawla's resignation comes amidst Paytm Payments Bank facing prohibitory action from banking regulator RBI.
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Crypto Becomes Regulated Financial Sector in UK: Details
The UK has officially regulated the crypto sector under its newly passed Financial Services and Markets Act 2023. With regulating the crypto sector, the UK is essentially gearing up to bank on all the growth and employment opportunities that the industry unlocks in fintech.
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Coinbase Gains Singapore License Under Payments Services Act, Ahead of Upcoming Crypto Regulation: All Details
Coinbase on Tuesday announced that it had gained approval from the central bank of Singapore, as the crypto exchange received permission to offer its services in the region. The company said it had been building up its presence in Singapore and currently had nearly 100 employees, mostly comprised of product engineers. Singapore plans to roll out ne...
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18,377 NGOs Open SBI Accounts To Receive Foreign Funds: Centre
Minister of State for Home Affairs Nityanand Rai informed that under the Foreign Contribution (Regulation) Amendment Act 2020, all foreign-funded NGOs have to compulsorily open an FCRA account in State Bank of India's main branch at Delhi
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Parliament Passes Bill To Bring Cooperative Banks Under RBI's Supervision
Parliament today passed amendments to the Banking Regulation Act to bring cooperative banks under the supervision of the RBI, a move aimed at protecting the interest of depositors.
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Lok Sabha Passes Bill To Bring Cooperative Banks Under RBI Supervision
In a bid to protect the interest of depositors, the Lok Sabha on Wednesday passed an amendment to the Banking Regulation Act to bring cooperative banks under the supervision of the RBI.
-
RBI Chief Questioned By MPs On Supervision Fail In Nirav Modi Scandal
Facing tough questions from parliamentarians on the Nirav Modi scam and bad loans hitting state-run lenders, RBI Governor Urjit Patel said today that the regulator had limited powers to act against public sector banks like Punjab National Bank (PNB).
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Jio Payments Bank Commences Operations, Says RBI
RBI said that Jio Payments Bank has commenced operations with effect from April 3, 2018.
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Courts Can Examine Reasonableness Of Interest Rate: Top Court On Rural Loans
The Supreme Court has said that provision of the Banking Regulation Act, 1949, that prohibits courts from examining the reasonableness of rate of interests charged by banks, will not operate in states with debt relief laws for agriculturists.
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Monsoon Session Of Parliament Day 13 LIVE: Debates On Banking Regulation, Prevention Of Corruption
After a series of stormy debates over the past fortnight, the agenda for the Rajya Sabha today includes further amendment to the Prevention of Corruption Act, 1988, as reported by the Select Committee of Rajya Sabha. The bills for consideration and passing on the Lok Sabha's agenda for the day include The Banking Regulation (Amendment) Bill, 2017 a...
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Ministry Changes Foreign Fund Rules To Monitor NGOs' Income: Sources
The Home Ministry is changing the rules that govern foreign contribution received by non-governmental organisations, under which, they will now have to maintain their contributory accounts in banks that offer core banking, sources said.
-
Waqf Amendment Bill To Be Tabled In Parliament's Budget Session
16 Bills, including the Finance Bill 2025, amendments to the Waqf and Banking Regulations Act, and the merging of the Indian Railways and Indian Railways Board Acts, will be tabled in Parliament's Budget session.
-
16 Bills, Including Waqf Amendment Act, To Be Tabled In Budget Session
Sixteen bills, including the Finance Bill 2025, amendments to the Waqf and Banking Regulations Act, and the merging of the Indian Railways and Indian Railways Board Acts, will be tabled in Parliament's Budget session, which begins Friday.
-
Morgan Stanley Will Work With US Regulators to Examine Safe Ways to Offer Crypto, CEO Says
In a fresh development, Morgan Stanley CEO, Ted Pick has said that the bank wishes to examine if it can act as a crypto transactor while keeping its regulatory obligations intact. To do so, the New York City-headquartered bank plans to ramp-up discussions with US lawmakers in the coming months. Â
-
Axis Bank, HDFC Bank Fined 2.91 Crore For Deficiencies In Regulatory Compliance
The RBI said a penalty of Rs 1.91 crore has been imposed on Axis Bank for contravention of certain provisions of the Banking Regulation Act, and non-compliance with certain directions.
-
Paytm Payments Bank CEO Surinder Chawla Resigns
Beleaguered Paytm Payments Bank's managing director and CEO Surinder Chawla has resigned from the company, a regulatory filing said on Tuesday. Chawla's resignation comes amidst Paytm Payments Bank facing prohibitory action from banking regulator RBI.
-
Crypto Becomes Regulated Financial Sector in UK: Details
The UK has officially regulated the crypto sector under its newly passed Financial Services and Markets Act 2023. With regulating the crypto sector, the UK is essentially gearing up to bank on all the growth and employment opportunities that the industry unlocks in fintech.
-
Coinbase Gains Singapore License Under Payments Services Act, Ahead of Upcoming Crypto Regulation: All Details
Coinbase on Tuesday announced that it had gained approval from the central bank of Singapore, as the crypto exchange received permission to offer its services in the region. The company said it had been building up its presence in Singapore and currently had nearly 100 employees, mostly comprised of product engineers. Singapore plans to roll out ne...
-
18,377 NGOs Open SBI Accounts To Receive Foreign Funds: Centre
Minister of State for Home Affairs Nityanand Rai informed that under the Foreign Contribution (Regulation) Amendment Act 2020, all foreign-funded NGOs have to compulsorily open an FCRA account in State Bank of India's main branch at Delhi
-
Parliament Passes Bill To Bring Cooperative Banks Under RBI's Supervision
Parliament today passed amendments to the Banking Regulation Act to bring cooperative banks under the supervision of the RBI, a move aimed at protecting the interest of depositors.
-
Lok Sabha Passes Bill To Bring Cooperative Banks Under RBI Supervision
In a bid to protect the interest of depositors, the Lok Sabha on Wednesday passed an amendment to the Banking Regulation Act to bring cooperative banks under the supervision of the RBI.
-
RBI Chief Questioned By MPs On Supervision Fail In Nirav Modi Scandal
Facing tough questions from parliamentarians on the Nirav Modi scam and bad loans hitting state-run lenders, RBI Governor Urjit Patel said today that the regulator had limited powers to act against public sector banks like Punjab National Bank (PNB).
-
Jio Payments Bank Commences Operations, Says RBI
RBI said that Jio Payments Bank has commenced operations with effect from April 3, 2018.
-
Courts Can Examine Reasonableness Of Interest Rate: Top Court On Rural Loans
The Supreme Court has said that provision of the Banking Regulation Act, 1949, that prohibits courts from examining the reasonableness of rate of interests charged by banks, will not operate in states with debt relief laws for agriculturists.
-
Monsoon Session Of Parliament Day 13 LIVE: Debates On Banking Regulation, Prevention Of Corruption
After a series of stormy debates over the past fortnight, the agenda for the Rajya Sabha today includes further amendment to the Prevention of Corruption Act, 1988, as reported by the Select Committee of Rajya Sabha. The bills for consideration and passing on the Lok Sabha's agenda for the day include The Banking Regulation (Amendment) Bill, 2017 a...
-
Ministry Changes Foreign Fund Rules To Monitor NGOs' Income: Sources
The Home Ministry is changing the rules that govern foreign contribution received by non-governmental organisations, under which, they will now have to maintain their contributory accounts in banks that offer core banking, sources said.
