RBI Takes Stringent Action Against Co-operative Banks and NBFC for Regulatory Lapses The Reserve Bank of India (RBI) has imposed monetary penalties on four cooperative banks and a non-banking...
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...
Consumer Commission Rules Against HDFC Bank and Kotak Mahindra Bank in Unauthorised Transaction CaseThe Consumer Disputes Redressal Commission (CDRC) bench of Bangalore Urban II Additional District...
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...
Supreme Court: DBS Bank Directors cannot be held Liable for LVB's Pre-Amalgamation Misconduct The Supreme Court has determined that DBS Bank and its Directors cannot face criminal liability for the...
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...
Supreme Court refuses to stay NCLAT proceedings scrutinizing approval of Hinduja's RP to acquire Reliance Capital Earlier, the National Company Law Tribunal had ruled in favor of Torrent...
PayPal challenges order to comply with India's money laundering law PayPal, the American online payment gateway, has moved the Delhi High Court to contest a verdict designating it as a "payment...
Delhi High Court rejects PILs to stop Google Pay operations Explains that the mobile payment service platform does not need authorization from the Reserve Bank of India The Delhi High Court has...
