{"id":26430,"date":"2018-03-30T12:38:21","date_gmt":"2018-03-30T12:38:21","guid":{"rendered":"http:\/\/punjabnews24.com\/?p=26430"},"modified":"2018-03-30T12:38:21","modified_gmt":"2018-03-30T12:38:21","slug":"rbi-imposes-rs-59-cr-fine-on-icici-bank-for-violating-securities-sale-norms","status":"publish","type":"post","link":"https:\/\/blastingskyhawk.com\/english\/rbi-imposes-rs-59-cr-fine-on-icici-bank-for-violating-securities-sale-norms\/","title":{"rendered":"RBI imposes Rs 59 cr fine on ICICI Bank for violating securities sale norms"},"content":{"rendered":"<p>Mumbai,<br \/>\nThe Reserve Bank has imposed a penalty of Rs 58.9 crore on the country\u2019s leading private sector lender ICICI Bank for violating central bank\u2019s directions pertaining to direct sale of securities.<\/p>\n<p>\u201cThe Reserve Bank of India (RBI) has imposed through an order dated March 26, 2018, a monetary penalty of Rs 589 million on ICICI Bank Limited for non-compliance with directions issued on direct sale of securities from its HTM (held-to-maturity) portfolio and specified disclosure in this regard,\u201d the central bank said in a notification issued on Thursday.<\/p>\n<p>It said the penalty was imposed in exercise of powers vested in RBI under the Banking Regulation Act, 1949, after taking into account failure of the bank to adhere to the directions issued by central banker.<\/p>\n<p>This action, RBI added, was based on the deficiencies in regulatory compliance.<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>Mumbai, The Reserve Bank has imposed a penalty of Rs 58.9 crore on the country\u2019s leading private sector lender ICICI Bank for violating central bank\u2019s directions pertaining to direct sale of securities. \u201cThe Reserve Bank of India (RBI) has imposed through an order dated March 26, 2018, a monetary penalty of Rs 589 million on [&hellip;]<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":26431,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[410],"tags":[],"class_list":["post-26430","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/26430","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/comments?post=26430"}],"version-history":[{"count":1,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/26430\/revisions"}],"predecessor-version":[{"id":26432,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/26430\/revisions\/26432"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media\/26431"}],"wp:attachment":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media?parent=26430"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/categories?post=26430"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/tags?post=26430"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}