News

The Reserve Bank of India rejected Ujjivan Small Finance Bank’s application for universal bank status, citing insufficient loan diversification and advised the bank to improve its portfolio before reapplying later.

RBI Rejects Ujjivan Small Finance Bank Application for Universal Bank Status

The Reserve Bank of India imposed a penalty on Himachal Pradesh State Co-operative Bank after finding KYC rule violations and lapses in periodic risk review during NABARD inspection.

RBI Imposes Rs 7.5 Lakh Penalty on Himachal Pradesh State Co-operative Bank for KYC Violations

Articles

RBI proposed safeguards for digital payments, including a one-hour delay for transactions above Rs 10,000, fraud controls, account limits, and a kill switch feature, and invited public comments on the discussion paper.

RBI Proposes one hour time lag for Digital transactions of more than Rs 10K to avoid online fraud

Circulars

The RBI releases guidelines to facilitate faster cross-border inward payments by ensuring that the funds are credited to the recipient’s account without delay.

RBI Releases Guidelines to Facilitate Faster Cross-Border Inward Payments

Press Release

The RBI has extended the export realisation period from 9 to 15 months and prolonged credit timelines to support exporters amid ongoing geopolitical and logistical challenges.

RBI Extends Export Proceeds Realisation Timeline to 15 Months Amid Global Disruptions

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

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RBI Rejects Ujjivan Small Finance Bank Application for Universal Bank Status

RBI Imposes Rs 7.5 Lakh Penalty on Himachal Pradesh State Co-operative Bank for KYC Violations

RBI Proposes one hour time lag for Digital transactions of more than Rs 10K to avoid online fraud

RBI Releases Guidelines to Facilitate Faster Cross-Border Inward Payments

RBI Extends Export Proceeds Realisation Timeline to 15 Months Amid Global Disruptions

RBI Imposes Monetary Penalty on Pine Labs