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Latest News | RBI Imposes Rs 2 27 Cr Penalty on RBL Bank

Get latest articles and stories on Latest News at LatestLY. The Reserve Bank of India on Monday said it has imposed a penalty of Rs 2.27 crore on RBL Bank Ltd for non-compliance with norms related to recovery agents. Latest News | RBI Imposes Rs 2.27 Cr Penalty on RBL Bank.

Madhya pradeshRaigad sahakari bankImperial urban bankFinancial servicesSmriti nagrik sahakari bank maryaditNoble bankLokmangal bankBank ltdJila sahakari kendriya bank maryaditReserve bankInternal ombudsman schemeFair practices codeCard operationsManaging risksRecovery agentsDomestic air passenger traffic grew

RBI Imposes Rs 2 27 Cr Penalty On RBL Bank

Meanwhile, the central bank has also imposed penalties on several cooperative banks for contravention of its different norms.

Madhya pradeshNew delhiRaigad sahakari bankImperial urban bankFinancial servicesSmriti nagrik sahakari bank maryaditNoble bankLokmangal bankBank ltdJila sahakari kendriya bank maryaditReserve bankInternal ombudsman schemeFair practices codeCard operationsManaging risksRecovery agents

Mumbai: 3 RBI-registered NBFCs among 12 entities booked by ED in Chinese loan app racket

The ED has filed a prosecution complaint against 7 entities and 5 individuals involved in the Chinese Loan App case before the Special PMLA Court, Bengaluru. The court has taken cognisance of the complaint, an ED official said.

Cloud atlas future technology privateInvestigation departmentRazorpay software privateBaryonyx technology privateFinancial services privateJamnadas morarjee finance privateBanking financial companies nbfcsMad elephant network technology privateEnforcement directorateReserve bankNon banking financial companiesPractices codeCriminal investigation departmentChinese loan appMad elephant network technology private limitedBaryonyx technology private limited

Chinese Loan Apps: ED Files Chargesheet Against Razorpay, Others

Besides Razorpay, three fintech companies controlled by Chinese nationals and three NBFCs have also been named in the chargesheet

Nirmala sitharamanMinistry of electronicsPvt ltdBaryonyx technology pvt ltdMad elephant network technology pvt ltdInformation technology meitFinancial services pvt ltdCloud atlas future technology pvt ltdJamnadas morarjee finance pvt ltdBesides razorpayEnforcement directorateMoney laundering actServices pvt ltdTrack fin ed pvt ltdFair practices codeReserve bank

Summary: RBI issues clarifications on digital lending guidelines

The RBI answers FAQs clarifying many provisions in the digital lending guidelines issued in September 2022 applicable to lending apps

Digital lending apps and service providersLending service providerBanking financial companies nbfcsReserve bankWhat arePayment aggregatorsDigital lending guidelinesGrievance redressal officerAnnual percentage rateKey fact statementDigital lending appsContingent chargesNon banking financial companiesFair practices code

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