The Reserve Bank of India has imposed a monitory penalty on three NBFCs for failing to adhere to various normative guidelines ...

While banks are allowed to provide incentives to certain employees pushing specific products, these should not apply to core ...

Union Minister Pralhad Joshi urges banks to follow RBI guidelines, not make CIBIL rating mandatory for farmers' crop loans.

The Reserve Bank of India has imposed fines on three non-banking financial companies for failing to comply with regulatory ...

The Reserve Bank of India has fined three non-banking financial companies for non-compliance with directives. Penalties were ...

On September 3, the RBI imposed a fine of ₹10.4 lakh on Hewlett Packard Financial Services (India) Private Limited. This ...

Dvara Research warns RBI that restricting AePS operators to one bank won’t stop fraud, and should allow multihoming to allow ...

As per RBI guidelines, recovery agents are required to follow a strict code of conduct when dealing with borrowers – they ...

Muthoot Vehicle & Asset Finance was slapped with a Rs 7,90,000 fine for multiple infractions, including failure to disclose ...

MobiKwik Xtra is a peer-to-peer (P2P) lending investment product that claims customers can earn up to 14% interest per annum.

The Reserve Bank of India (RBI) has imposed a fine of ₹1 crore on HDFC Bank for violating guidelines concerning the behavior of recovery agents. The central bank's action highlights the need for ...

The regulator has informed the bank that such a scheme violates existing regulatory guidelines. According to the regulator’s ...