WebMar 21, 2024 · Moneycontrol - The central bank cancelled certificate of registration of BRD Securities Ltd and Lakshmi Finance Pvt Ltd. The Reserve Bank of India (RBI) on April 13 … WebMay 13, 2024 · Reserve Bank of India (RBI) has cancelled the licence of United Co-operative Bank Ltd, based in Bagnan, West Bengal. Through an order dated May 10, 2024, the central bank has prohibited the co ...
RBI Launches Online App for Issuance & Renewal of Licenses for …
WebDec 12, 2016 · Mumbai: The Reserve Bank of India on Monday clarified that it had not initiated any action against Axis Bank for cancellation of its license, as held by some media reports, in wake of some officials found to be involved in violative activities post-demonetisation. "The Reserve Bank of India (RBI) has not initiated any action to cancel … WebApr 13, 2024 · RBI guidelines for cash deposits above 50,000. RBI guidelines given to the bank for cash deposit are as per the provisions of section 114 B of the Income Tax Rule,1962. RBI says that anybody depositing an amount more than INR 50,000 in cash in their bank account must submit a copy of their PAN if the bank doesn’t have their PAN … how many female lions are in a pride
Under what conditions RBI can revoke banking license of a bank?
Web1 day ago · Threshold- Exceed Rs 1 Crore. However, the case of Non-filers who has not filed Income tax return for all the 3 assessment years , tax shall be deducted. @ 2% (for sum exceeding Rs. 20 lakhs to Rs. 1 Crore) @ 5% (for sum exceeding Rs. 1 crore) WebApr 10, 2024 · Circular No. RBI/2024-24/13 A.P. (DIR Series) Circular No.01, dated 06.04.2024 The RBI has developed a software application, known as ‘APConnect’ for processing applications related to licencing of Full-Fledged Money Changers (FFMCs), non-bank Authorised Dealers (AD) Category-II, authorisation as Money Transfer Service … WebAug 10, 2024 · Consequently, the bank will cease to carry on banking business, with effect from September 22, 2024. The Reserve Bank of India (RBI) has cancelled the licence of … how many female nfl owners