Compliance Function in Banks: Back to the basics
(Inaugural address by Dr. K. C. Chakrabarty, Deputy Governor, Reserve Bank of India at the launch of certificate programmes on Compliance Function and Training on July 12, 2013 in Mumbai) Mr. S.N. Ananthasubramanian, President, Institute of Company Secretaries of India (ICSI);Mr. Allen Pereira, Director, National Institute of Bank Management (NIBM); Dr. R. Bhaskaran, Chief Executive… Read More
Tags: Banking in India, Central Bank of India, India, Institute of Company Secretaries of India, Mumbai, National Institute of Bank Management, Punjab National Bank, Reserve Bank of India
RBI penalises 22 Banks
The Reserve Bank of India has imposed monetary penalty on the following 22 banks for violation of its instructions, among other things, on Know Your Customer/Anti Money Laundering. The details are: Monetary Penalty Sl. No. Name of the bank Penalty Amount (in ` crore) 1 Andhra Bank 2.50 2 Bank of Baroda 3.00 3 Bank of India… Read More
Tags: Andhra Bank, Central Bank of India, India, ING Vysya Bank, Kotak Mahindra Bank, KYC, Reserve Bank of India, The Bank of Tokyo-Mitsubishi UFJ
Il&FS Infrastructure Debt Fund Signs MoU with eight Public Sector Banks
Il&FS Infrastructure Debt Fund Signs MoU with eight Public Sector Banks; need for more than one Trillion Us Dollars for Infrastructure Sector in Next Five Years; Government And Private Sector to Contribute Fifty Percent Each IL&FS Infra Asset Management Limited (IAML), an Asset Management Company (AMC) promoted by IL&FS Financial Services Limited (IFIN) to manage… Read More
Tags: Central Bank of India, Finance Ministry, India, Infrastructure Leasing & Financial Services, Life Insurance Corporation of India, Memorandum of understanding, Mumbai, Oriental Bank of Commerce