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MONETARY PENALTY RBI
FCNR deposit in demand: $1,277 extra interest on $10,000 investment by NRIs after RBI's latest move?FCNR interest rates: The Indian government will now cover hedging costs for fresh 3 to 5-year FCNR(B) deposits until September 30, 2026. Th...- FEMA case against Myntra closed following compounding: EDMyntra's foreign exchange violation probe has concluded after the RBI issued a compounding order. The Enforcement Directorate gave its no o...
- Harassed by loan recovery agents? Know your legal rights and 6 steps to fight backBorrowers struggling with debt often face harassment from recovery agents through abusive calls, threats, public shaming, and unauthorised ...
- RBI slaps Rs 10.10 lakh penalty on City Union Bank, 2 more entitiesThe Reserve Bank of India has levied fines on three financial entities. City Union Bank faced a penalty for incorrect loan charges and data...
- RBI imposes penalty on IIFL FinanceThe Reserve Bank of India has fined IIFL Finance Rs 3.1 lakh for not returning surplus amounts from gold auctions to borrowers. Appnit Tech...
- RBI imposes penalty on Airtel Payments BankThe Reserve Bank of India has levied a Rs 31.8 lakh penalty on Airtel Payments Bank for failing to disclose certain customer complaints in ...
- RBI fines Pine Labs Rs 3.1 lakh for KYC lapses on prepaid payment instrumentsThe move follows a statutory inspection of the fintech’s operations conducted between July 2024 and May 2025. The RBI clarified that the ac...
- RBI imposes penalty on HSBCIn a statement, the Reserve Bank said a statutory inspection for supervisory evaluation of the bank was conducted with reference to its fin...
- RBI slaps Rs 3.1 lakh penalty on Cashfree for non-complianceThe Reserve Bank of India has taken a firm stance against Cashfree Payments India Private Ltd. by imposing a Rs 3.1 lakh penalty. This deci...
- RBI imposes penalty on Manappuram FinanceManappuram Finance has been hit with a fine of Rs 2.70 lakh by the Reserve Bank of India due to lapses in regulatory adherence. The penalty...
- RBI imposes monetary penalty on Muthoot FinCorpThe RBI has fined Muthoot FinCorp ₹2.7 lakh for not complying with Internal Ombudsman norms. An inspection revealed the company lacked a sy...
- RBI tightens norms for imposing penalty under payment systems lawThe Reserve Bank of India (RBI) has tightened regulations under the Payment and Settlement Systems Act to ensure compliance and enforcement...
- RBI imposes penalties on BoM, Hinduja Leyland Finance, Poonawalla FincorpRBI penalized Bank of Maharashtra with Rs 1.27 crore for breaching directives like Know Your Customer. Hinduja Leyland Finance Ltd faced a ...
- RBI imposes monetary penalty on SBM Bank (India)The Reserve Bank of India (RBI) on Friday said it has imposed a penalty of Rs 88.70 lakh on SBM Bank (India) for non-compliance with certai...
- RBI imposes Rs 60.3 lakh penalty on five co-operative banksRBI imposed penalties totaling Rs 60.3 lakh on five co-operative banks for regulatory violations. Penalties include fines for non-complianc...
- RBI slaps fines on Axis Bank, Manappuram FinanceThe Reserve Bank of India (RBI) has levied a monetary penalty of Rs 90.92 lakh on Axis Bank and Rs 42.78 lakh on gold loan firm Manappuram ...
- RBI imposes monetary penalty on Varachha Co-operative BankThis penalty has been imposed in exercise of powers vested in the RBI under the provisions of Section 47 A (1) (c) read with Sections 46 (4...
- RBI imposes a monetary penalty of Rs 1. 67 crores on Ola Financial ServicesThe penalty has been imposed in exercise of powers vested in RBI under Section 30 of the Payment and Settlement Systems Act, 2007. This act...
- RBI fines Paytm Payments Bank, Western UnionThe RBI informed that on examination of Paytm Payments Bank Limited's application for issue of final Certificate of Authorisation (CoA), it...
- RBI imposes Rs 3 crore penalty on ICICI BankThe RBI has imposed a monetary penalty of Rs 3 crore on ICICI Bank for "contravention of certain directions issued by the RBI contained in ...
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