IOB

RBI imposes monetary penalty on Citibank, BoB and IOB

November 24, 2023 · Banking

The Reserve Bank of India (RBI) has imposed a monetary penalty aggregating ₹10.34 crore on three banks —Citibank NA (₹5 crore), Bank of Baroda (₹4.34 crore) and Indian Overseas…

India, Singapore link systems for real-time money transfers

February 20, 2023 · Banking

India and Singapore linked their systems that enable real-time money transfers between the two nations, as countries in the region seek to bring down barriers to the quick…