Move aims to enhance governance standards, align with global AML, CTF standards.
RBI also applies increased limits to overdraft and cash credit accounts.
Merging of firms aims to widen public shareholdings; regulator also cuts brokerage levy.
Regulator flags errors in OTC derivatives transactions, credit card applications.
6-month scheme would charge only 5% on returned assets in first 2 months.
Former branch manager failed to file STRs, pleads guilty to six of 16 charges.
Inbound daily transfer limit slashed more than 75%.
Activist Bahrun Naim said to have transferred funds via online transfers, remittances and blockchain.
New investigation team would consider about 500 entities allegedly involved in offshoring controversy.
Changes include refined non-retail investor classification, safeguards unconventional investment products.