The current regulatory framework mandates that all payments for investments in mutual funds must originate directly from the investor's own...

India boasts world-class digital finance but lacks global consumer fintechs. Regulatory hurdles prevent innovation, unlike in markets with ...

The Reserve Bank of India has fined IIFL Finance Rs 3.1 lakh for not returning surplus amounts from gold auctions to borrowers. Appnit Tech...

The Reserve Bank of India has eased rules for non-bank entities facilitating outward remittances. Prior approval from the RBI is no longer ...

The Nifty Bank index plunged nearly 900 points, driven by weak earnings from State Bank of India and broader market sentiment. SBI shares l...

The RBI said the bank failed to put in place a system of using KYC Identifier assigned by Central KYC Records Registry for the purpose of e...

Hyderabad Police's crackdown on cyber fraud, revealing systemic banking gaps and Rs 400 crore annual losses, has prompted a high-level meet...

NRIs must update their Indian bank accounts to NRE or NRO status to comply with FEMA regulations. Failing to do so can result in significan...

Authorities are launching a major crackdown on digital arrest scams. WhatsApp has banned thousands of accounts involved in these frauds. Ne...

The move follows a statutory inspection of the fintech’s operations conducted between July 2024 and May 2025. The RBI clarified that the ac...

HDFC Bank: The Reserve Bank of India found HDFC Bank violated Know Your Customer (KYC) norms as laid down by RBI's Master Direction - Know ...

Earlier, asset reconstruction companies (ARCs) would ask creditors selling bad loans for central KYC records, but now the RBI is insisting ...

RBI's regulatory intervention on customer identification by payments banks is seen as harsh for startups. Digital wallet providers argue th...

The central bank, however, added the penalty is based on deficiencies in regulatory compliance and not intended to pronounce upon the valid...

About Federal Bank, RBI said the bank failed to ensure that no incentive (cash or non-cash) was paid to its staff engaged in insurance brok...

The RBI also slapped a fine of Rs 3 crore on state-owned Jammu and Kashmir Bank Ltd for violating similar norms.

The Reserve Bank of India has imposed a fine of Rs 20 million on Indian Overseas Bank for non-compliance with the directions issued by RBI ...