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RBI's imposition of a ₹13,180,000 penalty on Tamilnad Mercantile Bank Limited was due to several failures including benchmarking interest rates on certain loans to MSMEs to an external benchmark lending rate, adopting multiple benchmarks within the same loan category, improperly pricing floating rate loans, and incorrectly reporting borrower ratings to CRILC. This move underscores RBI's stringent compliance requirements to ensure transparency and fairness in banking operations .
Which Indian hockey player has become the first woman to have a stadium named after her?
Special Window for Affordable and Mid-Income Housing (SWAMIH) Investment Fund I was recently in the news. SWAMIH was launched in which year?
SEBI recently proposed a framework to regulate ESG rating providers that seeks to allow credit rating agencies and research analysts to provide such ser...
Recently RBI has imposed a penalty of Rs 27.5 lakh in which public sector bank?
Pilot projects to digitize Kisan Credit Card (KCC) have been launched in which two states?
Who recently became the No. 1 Test bowler according to the ICC Men's Test bowling rankings, replacing James Anderson?
What is the purpose of Operation Ajay launched by India?
How many member states of the International Civil Aviation Organisation from the Asia Pacific region are expected to participate in the second Asia Paci...
Which two companies are collaborating to raise $30 billion for AI investments in 2024?
Which India-born British man won the “Freedom of the city of London” award?
