Tag: rbi guidelines

RBI imposes penalty on BNP Paribas and 3 other companies for compliance issues says a report

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RBI imposes penalty on BNP Paribas and 3 other companies for compliance issues says a report

BNP Paribas Bank: The Reserve Bank of India (RBI) has taken action against 4 companies including BNP Paribas on different charges. RBI has imposed a fine of Rs 31.8 lakh on BNP Paribas Bank. Apart from this, Hewlett Packard Financial Services, India, SMFG India Credit Company and Muthoot Vehicle & Asset Finance have also come under the purview of RBI’s action. All of them were accused of violating several RBI guidelines. Rules regarding interest rates on advances were not followed RBI said on Friday that BNP Paribas Bank was not…

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Can a note be changed even if it has four pieces? this is the rule

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Can a note be changed even if it has four pieces? this is the rule

Most people tear notes by mistake. Many times, while withdrawing money from ATM, some notes get torn. Most people remain troubled by this. Many times people go to the market for shopping with torn notes but shopkeepers refuse to accept them. In such situations, people throw away these notes. If you also have a lot of torn notes, then do not throw them away considering them useless, now you can exchange these torn notes. Use of old torn notes If you find these torn notes If you want to change…

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