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Tag: Reserve Bank of India

Overseas Travel Expenses By Indians Increases 3 Times In Last Five Years: RBI Report – News18

    Overseas Travel Expenses By Indians Increases 3 Times In Last Five Years: RBI Report – News18

    DainikNews Live Admin2 years ago05 mins

    This is 24.4 per cent higher than the previous year’s figure. Travel has emerged as the major source of remittances from India, accounting for 53.6 per cent of total remittances in FY24. Indians are spending significantly on overseas travels as the expenses on foreign trips have increased more than three fold in the past five…

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    RBI Penalizes Five Banks, Including PNB, For Regulatory Non-Compliance In First Week Of July

      RBI Penalizes Five Banks, Including PNB, For Regulatory Non-Compliance In First Week Of July

      DainikNews Live Admin2 years ago04 mins

      New Delhi: The Reserve Bank of India (RBI) has penalized five banks, including Punjab National Bank (PNB), in the first week of July for non-compliance with various RBI directions. PNB became the fifth bank to be penalized, with a penalty of Rs 1.31 crore. This penalty was imposed for non-compliance with RBI directions regarding ‘Loans…

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