6-7% of overall annual expenses are on tech related aspects, says HDFC Bank
About 50 per cent of the spend is on employees, while the rest is on remaining aspects like hardware, software
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Tag: reserve bank
RBI imposes penalty of Rs 1 crore on IDFC First Bank for violation of norms
Another five NBFCs have surrendered their CoR. These are — Growing Opportunity Finance (India), Invel Commercial, Mohan Finance, Saraswati Properties,
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RBI imposes Rs 59.90 lakh fine on Nashik’s Janalaxmi Cooperative Bank
The Reserve Bank on Tuesday said it has imposed a penalty of Rs 59.90 lakh on Nashik-based Janalaxmi Cooperative
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RBI asks regulated entities to leverage technology to enhance effectiveness of internal Compliance monitoring
RBI noted that regulated entities has adopted varying levels of automation to support the Internal Compliance monitoring function, ranging from
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India’s forex kitty drops $1.98 bn to $607.03 bn
India’s forex reserves dropped by $1.987 billion to $607.035 billion for the week ended July 21, the Reserve Bank has
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RBI imposes ₹84.50 lakh penalty on Central Bank of India
The Reserve Bank of India (RBI) said on Friday that it has imposed a penalty of €84.50 lakh on… Central
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