Central Bank of India

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 IndiaCentral Bank of IndiaIndiaInstitute of Company Secretaries of IndiaMumbaiNational Institute of Bank ManagementPunjab National BankReserve 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 BankCentral Bank of IndiaIndiaING Vysya BankKotak Mahindra BankKYCReserve Bank of IndiaThe 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 IndiaFinance MinistryIndiaInfrastructure Leasing & Financial ServicesLife Insurance Corporation of IndiaMemorandum of understandingMumbaiOriental Bank of Commerce

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