RBI mulls new penalty framework for banks: Report
Additionally, the review may explore claw back of payouts to CEOs and key management personnel (KMP)
Source: livemint.com
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Credit compensation: CICs to pay Rs 100/day to customers for delay in updation of credit info: RBI
The RBI announced that credit information companies (CICs) will have to compensate clients for delays in updating or correcting their credit information by giving them a daily payment of Rs 100. The 'Framework for reimbursement to consumers for delayed updation/rectification of credit information' will be implemented in six months by CICs.
Source: indiatimes.com
RBI Framework 2.0: SBI Card puts in place mechanism for COVID stress relief
RBI Framework 2.0: SBI Card puts in place mechanism for COVID stress relief SECTIONS Last Updated: May 24, 2021, 10:17 PM IST Share Synopsis Earlier this month, the Reserve Bank came out with the Resolution Framework 2.0 under which individuals and small businesses having exposure up to Rs 25 crore can opt for loan restructuring if they had not availed its earlier scheme. Agencies Stock of SBI Card ended at Rs 1092.05 apiece on BSE, up 2.63 per cent from the previous close. SBI Cards and Payment Services (SBI Card) on Monday said it has framed a COVID-19 related stress resolution mechanism i...
Source: indiatimes.com