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2 mins read
RBI imposes penalties on three housing finance companies for non-compliance with directions
The Reserve Bank of India has imposed monetary penalties on three Non-Banking Financial Companies f…
ANI
2 mins read
RBI penalizes five banks, including PNB, for regulatory non-compliance in first week of July
The Reserve Bank of India (RBI) has penalized five banks, including Punjab National Bank (PNB), in …
ANI
2 mins read
RBI slaps fine of Rs 2.91 crore on Axis Bank and HDFC Bank: All details
The Reserve Bank of India has fined Axis Bank and HDFC Bank a total of ₹2.91 crore for regulatory l…
1 min read
RBI penalties on banks, NBFCs add up to Rs 40.39 crore for 2022-23
The Reserve Bank of India (RBI) has imposed penalties to the tune of Rs 40.39 crore on banks, non-b…
2 mins read
Corp affairs ministry probing Chinese cos linked to loan apps; investigations at advanced stages
The corporate affairs ministry is probing various Chinese companies, especially those with links to…
PTI
1 min read
RBI slaps ₹26 lakh penalty on Nutan Nagarik Sahakari Bank
This action of the central bank is based on a deficiency in regulatory compliance and is not intend…
ANI
2 mins read
RBI slaps fines on Axis Bank, Manappuram Finance
The Reserve Bank on Thursday imposed a monetary penalty of Rs 90.92 lakh on Axis Bank and Rs 42.78 …
PTI
2 mins read
RBI imposes first-of-its-kind penalty on AP Mahesh co-op bank for cyber security violations
The Reserve Bank of India (RBI) has imposed a penalty of Rs 65 lakh on AP Mahesh Co-operative Urban…
PTI
1 min read
RBI imposes penalties on nine cooperative banks for violating compliances
Those banks are The Berhampur Cooperative Urban Bank, The Kendrapara Urban Co-operative Bank , The …
ANI
3 mins read
FIU imposes over Rs 1.66 crore fine on Axis Bank for failing to detect fraud NSG account
The Financial Intelligence Unit has slapped a fine of more than Rs 1.66 crore on Axis Bank for "fai…
PTI
1 min read
RBI imposes Rs 3.06 crore penalty on Amazon Pay India for violation of norms
The Reserve Bank of India on Friday said it has imposed a penalty of over Rs 3.06 crore on Amazon P…
PTI
1 min read
Ola fined by RBI for failing to comply with its KYC norms
The Reserve Bank of India (RBI) on Tuesday fined Ola Financial Services Private Ltd over Rs 1.67 cr…
1 min read
RBI imposes ₹1 crore penalty on Paytm Payments Bank
"As this was an offence of the nature referred to in Section 26 (2) of the Payment and Settlem…
PTI
4 mins read
Vijay Shekhar Sharma: The controversies of the architect of fintech
Vijay Shekhar Sharma, one of the most recognised faces of India's fintech industry, has seen a fair…
PTI
1 min read
India’s central bank imposes ₹1 crore penalty on the country’s biggest lender
The RBI said that “a scrutiny was carried out” in one of the customer accounts. The central bank…
4 mins read
RBI tightens norms for Chinese lending apps
Chinese digital loan apps were utilising the loophole in the regulatory guidelines to dupe Indian c…
1 min read
RBI imposes penalty on Bank of India, Karnataka Bank
In a statement, RBI said it has imposed a monetary penalty of Rs 5 crore on Bank of India (BoI) fo…
PTI
2 mins read
SBI penalised for sending bills to man despite credit card's expiry
The forum noted that the company had blacklisted him in the CIBIL system of the wilful defaulte…
PTI
2 mins read
The US is pressuring the biggest Western bank in Russia to cancel a $1.6 billion industrial investment
Raiffeisen Bank International has drawn scrutiny from Washington for a complex plan to unlock asset…
Filip De Mott
1 min read
RBI imposes Rs 2.5 crore penalty on Bajaj Finance, Pune
There were also persistent/repeat complaints about recovery and collection methods adopted by…