News

RBI has imposed a monetary penalty of Rs.30,50,000 on Paul Merchants Finance Private Limited for failing to comply with certain terms of Master Directions on Prepaid Payment Instruments (PPIs) dated August 27, 2021 (as of November 12, 2021).

RBI imposed Monetary Penalty of Rs.30.5 Lakh on Paul Merchants Finance

RBI has imposed Rs.6 Lakhs Monetary Penalty on 4 Cooperative Banks for non-compliance with certain provisions of the RBI KYC Direction 2016.

RBI imposed Monetary Penalty on 4 Cooperative Banks; Check Reason

RBI prohibits banks and other lenders from charging borrowers punitive interest for failing to comply with contractual terms and conditions of a loan to maintain fair lending practises and safeguard customers' interests.

RBI issued Guidelines to direct Penal Charges for Loan by Banks

The Governor of Reserve Bank of India has launched a Centralised Web Portal UDGAM (Unclaimed Deposits – Gateway to Access inforMation) on thursday.

RBI launches UDGAM - a Centralised Web Portal for searching Unclaimed Deposits

The Reserve Bank of India has imposed monetary penalty of Rs.3.10 lakh on 2 Cooperative Bank and 1 Sahakari Bank for non-compliance with the directions issued by RBI.

RBI imposed Monetary Penalty on 2 Cooperative Bank and 1 Sahakari Bank; Know Reason

RBI has imposed a monetary penalty of Rs.3.00 lakh on Ordnance Equipment Factory Prarambhik Sahkari Bank for non-compliance with specific directions issued by RBI under Supervisory Action Framework (SAF), by an order dated August 08, 2023.

Explore Our Blogs

Stay updated with the latest insights, tips, and industry trends from our experts

RBI imposed Monetary Penalty of Rs.30.5 Lakh on Paul Merchants Finance

RBI imposed Monetary Penalty on 4 Cooperative Banks; Check Reason

RBI issued Guidelines to direct Penal Charges for Loan by Banks

RBI launches UDGAM - a Centralised Web Portal for searching Unclaimed Deposits

RBI imposed Monetary Penalty on 2 Cooperative Bank and 1 Sahakari Bank; Know Reason

RBI imposes Rs.3 Lakh Monetary Penalty on Ordnance Equipment Factory Prarambhik Sahkari Bank