News

The RBI has imposed an Rs. 11.5 lakh penalty on Mahindra &amp; Mahindra Financial Services for violations related to foreclosure charges and internal ombudsman complaint handling norms.

RBI Slaps Penalty on Mahindra &amp; Mahindra Financial Services Limited for Fair Practices and Ombudsman Norm Violations

RBI Slaps Penalty on Mahindra & Mahindra Financial Services Limited for Fair Practices and Ombudsman Norm Violations

She said that banks spend the majority of their time selling insurance instead of concentrating on their core role.

Mis-selling insurance is an Offense; Banks Must Rather Focus on Core Activities: Finance Minister

Press Release

The bank's non-compliance was uncovered during the Statutory Inspection for Supervisory Evaluation (ISE 2025) conducted by the RBI with reference to the bank’s financial position as of March 31, 2025.

RBI Levies Penalty of Rs 38.60 Lakh on UCO Bank Due to Regulatory Non-Compliance

Circulars

The RBI has updated the ECB reporting framework under FEMA, 1999, by notifying revised return forms through A.P. (DIR Series) Circular No. 23 dated February 18, 2026.

RBI Revises ECB Reporting Framework under FEMA Master Direction: New Return Forms Notified

Jobs

The RBI is inviting online applications for 650 Assistant posts under Panel Year 2025, with the selection process including Prelims, Mains, and a Language Proficiency Test.

RBI Recruitment 2026 Notification OUT: 650 Assistant Vacancies Announced, Apply Online Till March 8

Articles

RBI has imposed monetary penalties on five banks and financial companies for violations related to customer service norms, KYC compliance and more.

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RBI Slaps Penalty on Mahindra & Mahindra Financial Services Limited for Fair Practices and Ombudsman Norm Violations

Mis-selling insurance is an Offense; Banks Must Rather Focus on Core Activities: Finance Minister

RBI Levies Penalty of Rs 38.60 Lakh on UCO Bank Due to Regulatory Non-Compliance

RBI Revises ECB Reporting Framework under FEMA Master Direction: New Return Forms Notified

RBI Recruitment 2026 Notification OUT: 650 Assistant Vacancies Announced, Apply Online Till March 8

RBI Penalises Multiple Banks and Companies for Violations of Banking Norms