News

RBI imposed Rs. 3.10 lakh penalty on Pine Labs Limited for issuing Full-KYC prepaid payment instruments without completing customer KYC.

RBI Imposes Monetary Penalty on Pine Labs

The RBI has imposed a Rs 63.6 lakh penalty on the Central Bank of India for non-compliance with KYC norms and irregularities in Basic Savings Bank Deposit Accounts.

RBI Penalises Central Bank of India Over KYC and Financial Inclusion Violations

Press Release

The RBI fined Airtel Payments Bank Limited Rs 31.8 lakh for failing to disclose certain complaints in its annual financial statements.

Airtel Payments Bank Fined Rs 31.8 Lakh by RBI for Non-Disclosure in Financial Statements

An inspection of the bank's financial records revealed that it did not fully follow guidelines on 'Priority Sector Lending (PSL) - Targets and Classification' and 'Interest Rate on Deposits'.

RBI Fines Bank of India Due to Non-Compliance with Regulatory Directives Regarding Priority Sector Lending

The RBI fined Union Bank of India Rs 95.40 lakh for non-compliance with customer protection norms and improper automation of asset classification processes.

RBI Imposes Rs 95.40 Lakh Penalty on Union Bank of India for Regulatory Violations

Circulars

The Reserve Bank of India has capped the NOP-INR position of Authorised Dealers at USD 100 million.

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RBI Imposes Monetary Penalty on Pine Labs

RBI Penalises Central Bank of India Over KYC and Financial Inclusion Violations

Airtel Payments Bank Fined Rs 31.8 Lakh by RBI for Non-Disclosure in Financial Statements

RBI Fines Bank of India Due to Non-Compliance with Regulatory Directives Regarding Priority Sector Lending

RBI Imposes Rs 95.40 Lakh Penalty on Union Bank of India for Regulatory Violations

RBI Mandates USD 100 Million Daily Cap on Rupee Net Open Position