RBI imposes ₹2.5 Crore Penalty on L&T Finance for Non-Compliance The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹2.50 crore on L&T Finance Limited for violating certain...
RBI Imposes Fines on Major Banks for Regulatory ViolationsThe Reserve Bank of India (RBI) on 25 September 2023, imposed fines on the State Bank of India, Indian Bank, Punjab & Sind Bank, and...
RBI Imposes Monetary Penalty on Four Co-Operative Banks of Gujarat and Maharashtra The fines were slapped due to deficiencies in regulatory compliance The Reserve Bank of India (RBI) has imposed...
RBI Issues Guidelines for Responsible Lending; Sets Timeline to Release Property Documents After Loan Closure The directions will be applicable to cases where release of original documents falls...
Bombay High Court Advises Courts to Refrain from Delving into RBI’s Monetary Framework Dismisses a petition alleging wrongdoing by officials during the 2016 demonetization policy The Bombay High...
RBI Expands UPI to Allow Pre-Approved Credit Lines The Reserve Bank of India (RBI) announced that the Unified Payments Interface (UPI) system will now allow users to access pre-approved credit lines...
RBI cancels registration of four Non-Banking Finance Companies surrender certificates for not meeting other criteria The Reserve Bank of India (RBI) has cancelled the certification of...
RBI issues draft guidelines for penalty charges on loan accounts States that the lending institutions have the autonomy to formulate board-approved policy for levying fines The Reserve Bank of...
RBI fines Mahindra Finance for non-compliance with regulations Charged with a penalty of Rs.6.77 crores The Reserve Bank of India (RBI) has imposed a monetary penalty on Mahindra Finance for...
RBI Joins Hands with UAE's Central Bank to Promote Digital Currencies The Reserve Bank of India (RBI), has recently inked a memorandum of understanding (MoU) with the central bank of the United...
Corporates not allowed to be bidding consortium members As per the current RBI norms which bars industrial houses from becoming bank promoters, corporates will not be allowed from being even a...
RBI issues guidelines for lenders to protect borrowers from unscrupulous lending practices The Reserve Bank of India (RBI) has issued guidelines to all lenders including banks to protect the data of...
