RBI imposed 281 penalties aggregating Rs 86.1cr in FY 23-24: Report
During the 2023-24 financial year, the Reserve Bank of India imposed 215 penalties totaling Rs 12.07 crore on
Source: indiancooperative.com
Regulated Entity News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from Regulated Entity. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top News In Regulated Entity Today - Breaking & Trending Today
Attention, Group Health Plans: New HIPAA Privacy Rule Governing Reproductive Health Care Information Imposes Obligations, Deadlines | Akerman LLP - Health Law Rx
It is critical for employers and plan fiduciaries/administrators to stay informed of HIPAA privacy and security-related legal developments because most employer sponsored group health...
Source: jdsupra.com
RBI issues revised guidance note to extend operational risk norms to NBFCs, co-op banks
The RBI said that an operational disruption can threaten the viability of a regulated entity (RE), impact its customers and other market participants, and ultimately have an impact on financial stability.
Source: businesstoday.in
digital lending: Lending service providers may have to provide digital view of all offers: RBI
The Reserve Bank of India (RBI) is considering new rules for digital lending, aiming to enhance transparency. The proposed guidelines would require lending service providers (LSPs) to digitally share all available loan offers from willing lenders with borrowers. This move aims to empower borrowers by providing a clear view of their loan options, including details like lender names, loan amounts, interest rates, and key terms. The RBI also emphasizes the need for unbiased content, prohibiting LSPs from favoring any particular lender.
Source: indiatimes.com
Digital Personal Data Protection Act, 2023 - Impact on Banking Sector Outsourced Services
The article discusses the relation between the Digital Personal Data Protection Act 2023 and the RBI’s 2023 Master Direction on Outsourcing of Information Technology Services.
Source: barandbench.com