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IFL Finance Limited was fined Rs 3.10 lakh by the Reserve Bank of India for violating NBFC regulations and failing to refund excess money from auctioned pledged gold to borrowers.

RBI Slaps Rs 3.10 Lakh Penalty on IFL Finance Over Gold Loan Auction Violations

Press Release

The RBI has cancelled the Certificates of Registration (CoR) of 150 NBFCs across multiple states, barring them from carrying out financial activities under the RBI Act, 1934.

RBI Cancels Certificates of Registration of 150 Non-Banking Financial Companies

RBI has revoked the licence of Sarvodaya Co-operative Bank Ltd due to weak finances and regulatory non-compliance.

Sarvodaya Co-operative Bank Fails: Deposit Holders to get upto Rs. 5L Insurance

RBI reportedly unwilling to exempt Tata Sons from mandatory upper-layer NBFC listing obligations

RBI Opposes Relaxation From Mandatory Listing for Tata Sons

The RBI and the ECB signed a renewed MoU in Basel to strengthen cooperation on information sharing, policy dialogue, & technical collaboration in central banking.

RBI and ECB Renew Partnership to boost Central Banking Cooperation

The RBI has levied a monetary penalty amounting to Rs 1.80 lakh on Hinduja Housing Finance Limited for non-adherence to certain instructions relating to 'Governance'.

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RBI Slaps Rs 3.10 Lakh Penalty on IFL Finance Over Gold Loan Auction Violations

RBI Cancels Certificates of Registration of 150 Non-Banking Financial Companies

Sarvodaya Co-operative Bank Fails: Deposit Holders to get upto Rs. 5L Insurance

RBI Opposes Relaxation From Mandatory Listing for Tata Sons

RBI and ECB Renew Partnership to boost Central Banking Cooperation

RBI Imposes Penalty on Hinduja Housing Finance Limited Over Governance Lapses