The Reserve Bank of India (RBI) has imposed monetary penalties on RBL Bank, Union Bank, and Bajaj Finance due to violation of certain norms. RBL Bank has been fined Rs 64,00,000 for its failure to obtain an annual declaration in Form B from one of its major shareholders within the stipulated time frame of one month after the close of the financial years ending on March 31, 2018, March 31, 2019, and March 31, 2020. The bank also neglected to provide certificates to RBI confirming the 'fit and proper' status of one of its major shareholders by the end of September in these respective financial years. Further, Union Bank of India has incurred a penalty of Rs 1 crore for its failure to comply with specific directions. The bank had sanctioned a term loan to a corporation without conducting necessary due diligence on the viability and bankability of the projects. A penalty worth Rs 8,50,000 was imposed on Bajaj Finance. The penalty was levied due to the company's non-compliance with the 'Monitoring of Frauds in NBFCs Directions, 2016,' a set of guidelines issued by the RBI.
For how long can the Central Government supersede the Board?
Which one of the following is not among the five statutory Commodity Boards under the Department of Commerce.
What does the term "law" include under the Constitution of India?
According to Indian Partnership Act, 1932 the property of the firm includes:
As per the definition of Prospectus under the Companies Act a prospectus means and includes___________
To resolve the disputes by fast track procedure in arbitration _____.
The principle that possession is prima facie proof of ownership is provided under which of the following Sections of Indian Evidence Act?
The maxim "once a mortgage always a mortgage" was applied in the case of-
The Indian Evidence Act, 1872 came into force on__________.
An arbitral award shall be made ______________.
