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NBFC Compliance
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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