News

The RBI has cancelled Paytm Payments Bank’s licence, leaving Rs 800 crore of customer funds stuck pending a court-supervised winding-up process.

RBI Cancels Paytm Payments Bank Licence; Rs 800 Crore of Customer Funds Still Stuck

The Reserve Bank of India imposed an Rs 80,000 penalty on Muthoot Housing Finance Company Limited for violating the Fair Practice Code by not disclosing the risk grading method and interest rate differences to borrowers.

RBI Fines Muthoot Housing Finance Fair Practice Code Violation

The Reserve Bank of India penalised Bandhan Bank Limited for KYC non-compliance and regulatory violations, including failure to review risk categories and sanctioning director-related loans, following supervisory inspection and due process.

RBI imposes monetary penalty on Bandhan Bank for violation of Banking Regulations

One 97 Communications Limited confirmed that there is no financial impact from cancellation of Paytm Payments Bank license.

No financial impact from cancellation of Paytm Payments Bank license, says One 97 Communications

RBI cancelled the licence of Paytm Payments Bank Limited due to regulatory violations and will initiate winding-up proceedings.

RBI Cancels Licence of Paytm Payments Bank, winding up process begins

Judgement

The Calcutta HC quashes the RBI's rejection of the NBFC surrender application and mandates a hearing and fresh decision after PBC compliance.

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RBI Cancels Paytm Payments Bank Licence; Rs 800 Crore of Customer Funds Still Stuck

RBI Fines Muthoot Housing Finance Fair Practice Code Violation

RBI imposes monetary penalty on Bandhan Bank for violation of Banking Regulations

No financial impact from cancellation of Paytm Payments Bank license, says One 97 Communications

RBI Cancels Licence of Paytm Payments Bank, winding up process begins

HC Invalidates RBI Rejection of NBFC Exit Application