BHUBANESWAR: The Reserve Bank of India (RBI) has imposed a Rs 4 lakh penalty on Odisha State Co-operative Bank (OSCB) Ltd for non-compliance with certain provisions of Banking Regulation Act ...

In a statement, the RBI said it has imposed a penalty of Rs 65 lakh on Equitas Small Finance Bank for non-compliance with certain directions on 'Levy of Foreclosure Charges/Pre-payment Penalty on ...

No GST on penal charges: The government has clarified that no bank, NBFC, regulated entities (REs ... “Penal charges levied by REs, in compliance with RBI directions dated 18.08.2023, are essentially ...

The Reserve Bank of India (RBI) has imposed penalties on Equitas Small Finance Bank and India Post Payments Bank for violations of regulatory compliance. Mumbai, Jan 31 (PTI) The Reserve Bank of India ...

Recently, Reserve Bank of India (RBI) has highlighted the need for Non-Banking Financial Companies (NBFCs) to diversify their sources of funding as a key risk mitigation strategy. In its latest ...

The Ministry of Finance on Friday stated that a full-day conclave for Non-Banking Financial Companies (NBFCs) and Micro Finance Institutions (MFIs) will be held on March 8, 2025, in New Delhi.

Recently, Reserve Bank of India (RBI) has highlighted the need for Non-Banking Financial Companies (NBFCs) to diversify their sources of funding as a key risk mitigation strategy. In its latest report ...

The Indian government is taking another step in digital governance with the launch of Entity Locker, a cloud-based document management platform designed specifically for businesses. Developed by ...

The Ministry of Finance on Tuesday notified that penal charges imposed by banks and non-banking financial companies (NBFCs ... India’s (RBI’s) directive issued on August 18, 2023, which said that the ...

The positive closing comes after the RBI made a move to infuse liquidity into the market. The RBI announced a Rs 60,000 crore Open Market Operation (OMO) for the purchase of government securities.

The issuance of NCDs by NBFCs is governed by a robust regulatory framework under the Companies Act, 2013 and RBI Directions. NBFCs must adhere to guidelines related to credit ratings, disclosure ...

The regulator received nearly a million complaints during the financial year against about 700,000 received in the preceding fiscal, RBI said in the annual report of the Ombudsman scheme. About ...