The latest Ministry of Company Affairs penalty of ₹27 lakh, on Satya Narayana Nadella, Chairman, and CEO of Microsoft, and eight different executives, for violating Important Useful House owners (SBO) norms, associated to the LinkedIn Know-how Data case, is ready to open a pandora’s field. Additionally learn:Microsoft promotes new instruments for making AI software program … Read more
The Reserve Financial institution of India, on Might 21, imposed a penalty of ₹1 crore on ICICI Financial institution for non-compliance with sure instructions on ‘Loans and Advances – Statutory and Different Restrictions’. The statutory inspection of the financial institution for FY22 revealed that the financial institution had sanctioned time period loans to sure entities in lieu of … Read more
RBI has imposed a penalty of ₹1 crore on IDFC First Financial institution for non-compliance with sure instructions on ‘Loans and Advances – Statutory and Different Restrictions’. The Statutory Inspection for Supervisory Analysis for FY22 revealed that the financial institution had sanctioned time period loans to a public sector endeavor for financing infrastructure tasks with out endeavor due … Read more
The dialogue between Rishi Agrawal, CEO and co-founder of TeamLease RegTech, and businessline’s Lokeshwarri SK, sheds mild on the sequence of occasions resulting in the RBI’s resolution to halt deposit-taking and sure operations of Paytm Funds Financial institution. Agrawal explains that whereas the regulatory improvement could seem to be a sudden response, it’s really the … Read more