News

RBI had put certain business restrictions on Paytm Payments Bank Ltd under Section 35A of Banking Regulation Act 1949.

RBI takes Action against Paytm Payments Bank Ltd under Section 35A of Banking Regulation Act 1949

Notifications

RBI has notified the Exclusion of “Rupee Co-operative Bank Limited” from the Second Schedule of Reserve Bank of India Act, 1934.

RBI excludes Rupee Co-operative Bank Limited from Second Schedule of RBI Act 1934

RBI has directed payment networks Visa and Mastercard to stop supporting business credit card issuers by fintech aggregators, commonly known as business payment solution providers.

RBI bans Fintechs from providing Business Credit Cards due to KYC concerns

The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs.2.50 lakh on Pusad Urban Co-operative Bank Ltd. of Maharashtra.

RBI imposed Monetary Penalty on Pusad Urban Co-operative Bank

RBI has imposed a monetary penalty of Rs.1 lakh on Shillong Co-operative Urban Bank Limited for non-compliance with the directions issued by RBI on KYC.

RBI imposes Monetary Penalty on Shillong Co-operative Urban Bank for violation of RBI Directions

RBI has imposed a monetary penalty of Rs.8.80 lakh on Power Finance Corporation Limited, New Delhi for non-compliance with certain provisions of the RBI’s directions.

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RBI takes Action against Paytm Payments Bank Ltd under Section 35A of Banking Regulation Act 1949

RBI excludes Rupee Co-operative Bank Limited from Second Schedule of RBI Act 1934

RBI bans Fintechs from providing Business Credit Cards due to KYC concerns

RBI imposed Monetary Penalty on Pusad Urban Co-operative Bank

RBI imposes Monetary Penalty on Shillong Co-operative Urban Bank for violation of RBI Directions

RBI imposes Monetary Penalty on Power Finance Corporation Limited