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.
Source: india.com
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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.
Source: freepressjournal.in
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
Source: inc42.com
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
Source: medianama.com
RBI cancels licenses of two NBFCs for digital lending malpractices
RBI has cancelled the licenses issued to NBFCs Kudos Finance and Investments Private Limited and Credit Gate Private Limited.
Source: medianama.com