RBI - Newz Villa

RBI Restricts JM Financial’s Lending Against Shares, Debentures Over Governance Concerns

3 mins read

Business

RBI Restricts JM Financial’s Lending Against Shares, Debentures Over Governance Concerns

06/03/2024 dheeraj0Tagged Financial services sector, Governance concerns, investor confidence, JM Financial, JM Financial Products, JM Financial Products Limited, JM Financial share, Lending restrictions, Loan sanctioning practices, Market implications, RBI, Regulatory actions, Regulatory breaches, Reserve Bank of India, Special audit, Transparency

RBI Restricts JM Financial’s Lending Against Shares, Debentures Over Governance Concerns Mumbai, India – March 6, 2024: In a move raising concerns about the financial services sector, the Reserve Bank of India (RBI) has restricted JM Financial Products Limited (JMFPL), a subsidiary of JM Financial, from engaging in any form of financing against shares and […]

Paytm Payments Bank Shut Down: RBI Orders Closure Over Compliance Issues

5 mins read

Business

Paytm Payments Bank Shut Down: RBI Orders Closure Over Compliance Issues

01/02/202401/02/2024 dheeraj0Tagged banking operations, Banking Regulation Act, Banking sector, BBPOU and UPI facility, cease operations, central bank, credit transactions, customer account, Customer impact, deposits, Digital banking industry, Digital payments market, Directs, FASTags, Financial system stability, Fintech landscape, Fund transfer deadline, Future of Paytm Payments Bank, Governance issues, impose action on Paytm Payments Bank, KYC and AML compliance, legal action, March 15, National Common Mobility Cards, One97 Communications, Orderly winding down, Paytm, Paytm Bank, Paytm Bank closure, Paytm news, paytm non-compliance, Paytm Payments Bank, Paytm Payments Bank Ltd, Paytm updates, Paytm's response, persistent non-compliance, RBI, RBI Clarifies, RBI directive, RBI order, RBI takes action on Paytm Payments Bank, regulatory compliance, Regulatory framework, Regulatory non-compliance, regulatory norms, Risk management, Supervisory concerns, wallets

Paytm Payments Bank Shut Down: RBI Orders Closure Over Compliance Issues The Reserve Bank of India (RBI) has ordered the closure of Paytm Bank, a major participant in the digital banking industry, citing significant noncompliance. Given that Paytm has been a major player in the Indian fintech scene, the decision has shocked the tech and […]

Regulatory Action: RBI Penalizes 4 Co-operative Banks, Cancels License of 1

4 mins read

India

Regulatory Action: RBI Penalizes 4 Co-operative Banks, Cancels License of 1

08/12/2023 dheeraj0Tagged 2023, Co-operative Banks, December 8, Deposit insurance, Deposit Insurance and Credit Guarantee Corporation (DICGC), Insufficient capital and earning potential, License cancellation, Monetary penalties, Non-compliance with regulations, Public interest, RBI, RBI cancels license, Sitapur, U.P. Bank Shut Down, Urban Co-operative Bank Ltd, Urban Co-operative Bank Sitapur, Uttar Pradesh

Regulatory Action: RBI Penalizes 4 Co-operative Banks, Cancels License of 1 The Reserve Bank of India (RBI) has taken decisive action against five co-operative banks for various regulatory violations. While four banks received monetary penalties, the license of one bank has been cancelled. Four co-ops have been hit with financial fines by the Reserve Bank […]

RBI’s Revised CIBIL Score Framework: 5 Key Points to Note

4 mins read

Business

RBI’s Revised CIBIL Score Framework: 5 Key Points to Note

17/11/2023 dheeraj0Tagged CIBIL, CIBIL Score, Credit Report, Credit Utilization, Creditworthiness, Financial Awareness, Hard Inquiries, Loan Eligibility, RBI, Repayment History, Responsible Borrowing, Soft Inquiries

RBI’s Revised CIBIL Score Framework: 5 Key Points to Note The Reserve Bank of India (RBI) has revised the CIBIL score framework, which is used to assess creditworthiness and determine loan eligibility. The revised framework is aimed at making the credit assessment process more transparent and objective. Here are five key points to note about […]

RBI Governor Shaktikanta Das Holds Rates Unchanged, Warns of More Pain Ahead

5 mins read

Business

RBI Governor Shaktikanta Das Holds Rates Unchanged, Warns of More Pain Ahead

10/08/2023 dheeraj0Tagged Borrowers, Core Inflation, Food Inflation, fuel prices, Governor Shaktikanta Das, Growth, Hawkish, inflation, Liquidity, Monetary Policy, Rate Hike, Rates, RBI, RBI Governor, Reserve Bank of India, Shaktikanta Das

RBI Governor Shaktikanta Das Holds Rates Unchanged, Warns of More Pain Ahead Mumbai, August 8: Reserve Bank of India (RBI) Governor Shaktikanta Das on Wednesday kept the repo rate unchanged at 4.40%, while raising the reverse repo rate by 0.25% to 3.75%. The decision was widely expected, as the RBI has been signaling a hawkish […]