Press Release

The central bank fined HDB Financial Services for failing to collect PAN or equivalent identification for certain loan accounts.

RBI Imposes Rs. 4.20 Lakh Penalty on HDB Financial Services for KYC Non-Compliance

RBI imposes an Rs. 31.8 lakh penalty on American Express Banking for non-compliance with credit card regulatory directions.

RBI Imposes Monetary Penalty on American Express

News

RBI Governor Sanjay Malhotra rules out UPI charges and says digital phone locking on EMI defaults is under review.

RBI Governor Clarifies: No UPI Charges, EMI Phone Locking Under Review

Articles

The Reserve Bank of India (RBI) has cracked down on Simpl for violating Payment and Settlement Systems Act, 2007.

Simpl Faces RBI Crackdown Over Unauthorized Payment Services

The Reserve Bank of India penalises Muthoot FinCorp Rs. 2.70 lakh for failing to implement an automated complaint escalation system to its Internal Ombudsman.

RBI Imposes Monetary Penalty of Rs. 2.70 Lakh on Muthoot FinCorp Limited

Notifications

The Reserve Bank of India has issued the 2025 Directions to standardise and simplify the settlement of claims for deceased customers.

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RBI Imposes Rs. 4.20 Lakh Penalty on HDB Financial Services for KYC Non-Compliance

RBI Imposes Monetary Penalty on American Express

RBI Governor Clarifies: No UPI Charges, EMI Phone Locking Under Review

Simpl Faces RBI Crackdown Over Unauthorized Payment Services

RBI Imposes Monetary Penalty of Rs. 2.70 Lakh on Muthoot FinCorp Limited

RBI Issues New Directions on Settlement of Claims for Deceased Customers