RBI to probe banks' practices in gold product sales

The Reserve Bank of India is looking into sale of gold coins and gold-related investment products by about 30 banks to find out whether ...

ICICI bank: RBI to probe gold coin sales, wealth management at ...

“The Reserve Bank has undertaken a thematic study in respect of banks that are active in selling gold coins, wealth management products to examine whether there ...

India cenbank finds irregularities in gold loan industry, urges action

The RBI recently reviewed the practices of lenders on loans taken against gold ornaments and jewellery, the findings of which indicated "several ...

RBI to probe sale of gold coins of all active banks

The Reserve Bank of India has widened its investigation into Axis Bank, ICICI Bank and HDFC Bank to include wealth management divisions and ...

RBI Warns Banks, NBFCs on Irregularities in Gold Loan Disbursals

The Reserve Bank of India has found that certain banks providing loans against gold ornaments and jewellery through fintech entities have been deficient ...

RBI flags irregularities in gold loan practices - The Financial Express

The Reserve Bank of India (RBI) has uncovered significant irregularities in the processing of loans against gold jewellery by supervised ...

Banks under RBI scanner for sale of gold investment products - The ...

... purchase of gold coins, gold-related investment products and other wealth management schemes. The central bank is studying the business practices of 30 banks ...

RBI flags alarming practices in gold loan market, orders urgent ...

The Reserve Bank of India (RBI) has issued a significant advisory to financial institutions regarding their handling of loans secured against ...

Banks under probe for gold sales - PressReader

New Delhi, April 28: The Reserve Bank of India (RBI) is looking into the sale of gold coins and goldrelated investment products by about 30 banks to find ...

IIFL Finance shares surge 11% as RBI lifts curbs on gold loan biz ...

The company has not revealed details regarding the RBI's probe ... According to the central bank, these practices ... RBI gold loan business IIFL Finance IIFL ...

Cobrapost fallout: RBI extends investigation to 34 banks - Rediff.com

Reserve Bank of India lens on mutual fund, insurance, gold coin sale by branch's non-sales staff.

RBI To Conduct Special Audit For Regulatory Breaches By IIFL ...

The central bank barred IIFL Finance from sanctioning or disbursing gold loans after certain material supervisory concerns were observed in its ...

IIFL Finance to make strong comeback, brokerages confident about ...

With the Reserve Bank of India (RBI) lifting the restrictions on IIFL Finance's gold loan business, experts and analysts said that the ...

RBI money-laundering probe shows cooperative banks as the key ...

gold used to be delivered against the pay order of the coperative bank.which was issued by the bank people of coperative bank in the ...

Why record gold loan growth has RBI worried - Times of India

India Business News: Record growth in gold loans sanctioned by banks and finance companies prompts RBI intervention to address accounting ...

Reserve Bank widens its money laundering probe

Apart from this, RBI has also undertaken a thematic study in respect of banks that are active in selling gold coins/wealth management products ...

RBI Differs On Cobrapost Findings - Important Banking News

Sources say the RBI report reveals dummy PANs, unknown NRO IDs, unauthorised gold sale, rampant non-compliance of KYC norms and irregular staff ...

RBI worried over rapidly rising housing, gold prices - The Hindu ...

... probe banks' practices in gold product sales ... gold as an investment avenue for individuals have pushed up gold demand. ... RBI and other central banks · gold and ...

RBI cautions banks against mis-selling insurance products

It said the main findings of RBI's probe on certain banks' practices involving structuring of transactions for tax evasion and fraudulent ...

RBI flags irregular practices in gold lending, calls for immediate action

The Reserve Bank of India (RBI) has issued a circular addressing irregular practices in the granting of gold loans, prompting all supervised ...