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RBI imposes penalty on Bank of India, Bandhan Bank

The penalty on Bank of India has been imposed for non-compliance with the RBI's directions related to 'interest rate on deposits', 'customer service in banks', 'interest rate on advances', and contravention of provisions of Credit lnformation Companies Rules, 2006. ....

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Aditya Birla Capital: Aditya Birla Capital to merge Aditya Birla Finance with itself

Aditya Birla Finance, the lending subsidiary of the steel to telecom group, will merge with its listed parent Aditya Birla Capital to comply with the Reserve Bank of India s (RBI) scale-based regulations for non-banking finance companies (NBFCs). The merger will result in Aditya Birla Finance s mandatory listing by September 30, 2025. ....

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RBI received 6.5 per branch complaints against RBL bank; tops amongst SCBs

RBL bank had the highest number of complaints per branch among scheduled commercial banks. AU Small finance bank had the most among SFBs. ....

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Delhi HC seeks reply from RBI, SEBI on unlawful lending practices carried by Paisalo Digital

The Delhi High Court has sought responses from the RBI and SEBI regarding unethical lending practices by Paisalo Digital. Mukesh Arya s plea alleges violation of RBI s Master Circulars and seeks an independent inquiry and audits. Santanu Agarwal clarifies the company s stance on the matter. ....

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Gold loan NBFCs make hay while sun shines

With gold prices breaching psychological levels Muthoot Finance and Manappuram Finance could see a growth in their assets under management ....

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