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NBFC Compliance


RBI imposes monetary penalty on The Hongkong and Shanghai Banking Corporation Limited (HSBC)
RBI has, by an order dated March 18, 2026, imposed a monetary penalty of ₹31.80 lakh on The Hongkong and Shanghai Banking Corporation Limited (HSBC) for non compliance with certain directions issued by RBI on ‘Inoperative Accounts / Unclaimed Deposits in Banks - Revised Instructions’.
Mar 232 min read


RBI imposes monetary penalty on Mahindra & Mahindra Financial Services Limited
The Reserve Bank of India (RBI) has, by an order dated February 27, 2026, imposed a monetary penalty of ₹11.50 lakh (Rupees Eleven Lakh Fifty Thousand only) on Mahindra & Mahindra Financial Services Limited
Mar 52 min read


RBI imposes monetary penalty on Muthoot FinCorp Limited
The Reserve Bank of India (RBI) has, by an order dated September 24, 2025, imposed a monetary penalty of ₹2.70 lakh (Rupees Two Lakh Seventy Thousand only) on Muthoot FinCorp Limited (the company) for non-compliance with directions issued by RBI on ‘Internal Ombudsman’.
Sep 29, 20251 min read


RBI cancels Certificate of Registration (CoR) of 31 NBFCs Nine NBFCs surrender their (CoR).
RBI cancels Certificate of Registration (CoR) of 31 NBFCs Nine NBFCs surrender their (CoR).
Sep 14, 20252 min read


RBI imposes monetary penalty on PhonePe Ltd.
The Reserve Bank of India (RBI) has, by an order dated September 10, 2025, imposed a monetary penalty of ₹21 lakh
Sep 14, 20252 min read


RBI Initiative: Launch of Microsite for Banknotes
The microsite also has a dedicated section for information on exchange of banknotes.
Sep 11, 20251 min read


RBI grants ‘In-principle’ Approval to AU Small Finance Bank Ltd for transition into a Universal Bank
The Reserve Bank has decided to grant 'in-principle’ approval to AU Small Finance Bank Limited (AUSFB) for transitioning from a Small Finance Bank (SFB) to a Universal Bank.
Aug 10, 20251 min read


RBI approves the voluntary amalgamation of New India Co-op Bank with Saraswat Co-op Bank
RBI approves the voluntary amalgamation of New India Co-op Bank with Saraswat Co-op Bank
Aug 4, 20251 min read


Inclusion of “NSDL Payments Bank Limited” in the Second Schedule of the Reserve Bank of India Act, 1934
Inclusion of “NSDL Payments Bank Limited” in the Second Schedule of the Reserve Bank of India Act, 1934
Jul 17, 20251 min read


Lending Against Gold and Silver Collateral
Lending Against Gold and Silver Collateral - Voluntary Pledge of Gold and Silver as Collateral for Agriculture and MSME Loans
Jul 11, 20251 min read
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