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With the introduction of the Digital Personal Data Protection (DPDP) Act, 2023 and strengthened RBI guidelines, NBFCs are now challenged to strike the right balance between regulatory compliance and building customer trust by adopting comprehensive data security strategies.

Inclusion of “NSDL Payments Bank Limited” in the Second Schedule of the Reserve Bank of India Act, 1934

RBI imposes monetary penalty on 4 UCBs

RBI has, by an order dated July 08, 2025, imposed a monetary penalty of ₹2.70 lakh on Shriram Finance Limited

The Reserve Bank of India has imposed a monetary penalty of ₹4.88 lakh (Rupees Four Lakh, Eighty-Eight Thousand only) on HDFC Bank Ltd.

RBI imposes monetary penalty on 1 Sahakari and 2 Co-operative Banks

Lending Against Gold and Silver Collateral - Voluntary Pledge of Gold and Silver as Collateral for Agriculture and MSME Loans

Basel III Capital Regulations – External Credit Assessment Institutions (ECAIs) – CareEdge Global IFSC Limited

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These regulations may be called the Foreign Exchange Management (Export of Goods & Services) (Amendment) Regulations, 2025

The Reserve Bank of India (RBl) has, by an order dated June 30, 2025, imposed a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on District Central Co-operative Bank Ltd., Durg, Chhattisgarh (the bank) for non-compliance with certain directions issued by RBI on ‘Know Your Customer (KYC)

RBI imposes monetary penalty on Shree Chhani Nagarik Sahakari Bank

In cases other than those mentioned at paragraphs 5(i) and 5(ii) above, pre-payment charges, if any, shall be as per the approved policy of the RE. However, in case of term loans, pre-payment charges, if levied by the RE, shall be based on the amount being prepaid. In case of cash credit/ overdraft facilities, pre-payment charges on closure of the facility before the due date shall be levied on an amount not exceeding the sanctioned limit.

This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.

This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.

PSL as per the extant PSL prescriptions, the bank can allocate the balance 35 per cent to any one or more sub-sectors under the PSL where it has competitive advantage.

Aadhaar Enabled Payment System (AePS) is a payment system operated by National Payment Corporation of India (NPCI) that facilitates interoperable transactions using Aadhaar enabled authentication. AePS plays a prominent role in enabling financial inclusion.

RBI imposes monetary penalty on Fino Payments Bank Limited

RBI Imposes Monetary Penalty on 4 Co-operative Banks

Shri. M. Nagaraju, Secretary, Department of Financial Services (DFS) chaired a meeting today at Manthan, DFS to discuss the revamp of the Central KYC Records Registry (CKYCR) and key issues related to Know Your Customer (KYC) compliance with the objective of making life of citizen comfortable while availing Financial Services. The meeting included senior officials from concerned Ministries/Departments, financial sector regulators, financial institutions, and other stakeholder