Page 16 - Master Direction News Today

According to the latest exchange filing by IndusInd Bank, this approval will be valid for a period of one year till December 8, 2022.

LIC gets RBI nod to raise holding in IndusInd Bank to 9.99%

The countrys largest insurer Life Insurance Corporation of India (LIC) has got approval from the Reserve Bank of India (RBI) to raise its holding in private lender IndusInd Bank to 9.99 per cent from the existing 4.95 per cent.

The country largest insurer Life Insurance Corporation of India (LIC) has got approval from the Reserve Bank of India (RBI) to raise its holding in private le

In a significant update, the Reserve Bank of India RBI released the Reserve Bank of India Master Directions on Prepaid Payment Instruments. Subsume the Reserve Bank of India Directions with immediate effect.

The RBI has given approval to LIC to increase its holding in the bank up to 9.99 per cent. Currently, LIC owns 4.96 per cent stake in Kotak Mahindra Bank.

Investegate announcements from Federal Bank Ltd The, Half-year Report

The Reserve Bank of India has imposed monetary penalties on two payment system operators -- Paytm Payments Bank Ltd (PPBL) and Western Union Financial Services Inc (WUFSI) -- as deficiencies were found in regulatory compliance.

Additionally, the RBI imposed a penalty of approx Rs 27.8 lakhs on Western Union Financial Services (WUFSI) for non-compliance with provision laid out in the Master Direction on Money Transfer Service Scheme (MTSS Directions) dated February 22, 2017.

The Reserve Bank of India (RBI) has slapped a penalty of Rs 1 crore on Paytm Payments Bank Limited (PPBL).