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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.

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

RBI has imposed Monetary Penalty on Baroda Gujarat Gramin Bank  for contravention of directions issued. RBI notified this via issuing Press Release.

RBI imposed Monetary Penalty on Baroda Gujarat Gramin Bank

The Reserve Bank of India (RBI) has imposed Monetary Penalty on The Islampur Urban Co-operative Bank Limited. RBI notified this via issuing press release.

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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

RBI imposed Monetary Penalty on Baroda Gujarat Gramin Bank

RBI imposed Monetary Penalty this Co-operative Bank; Know Name of Bank