CCPA imposes Rs 7 lakh penalty for misleading claims relating to UPSC civil services examination resultsThe Central Consumer Protection Authority has fined Vajiram and Ravi IAS Study Centre Rs 7 lakh. The coaching institute published misleadin...
31 May, 2026, 10.30 AM IST
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...
22 May, 2026, 10.02 PM IST
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...
15 May, 2026, 06.52 PM IST
CCPA slaps Rs 15 lakh penalty on two coaching institutes for misleading ads on JEE, NEET resultsConsumer protection regulator CCPA has fined Motion Education and Career Line Coaching for misleading ads. These institutes published ads a...
15 May, 2026, 03.02 PM IST
Nifty Bank crashes 900 points as SBI, IndusInd, Yes Bank, other lender stocks tumble up to 4%. What lies ahead?The Nifty Bank index plunged nearly 900 points, driven by weak earnings from State Bank of India and broader market sentiment. SBI shares l...
11 May, 2026, 12.40 PM IST
Big banks urge RBI to rethink uniform forex exposure capIn recent interactions with RBI, officials of big state-owned and private sector banks have suggested a dynamic regulation on the unhedged ...
11 May, 2026, 06.00 AM IST
Indian banks avoid fresh Gulf bets as Iran crisis drags onIndian banks are pausing new business in Gulf countries amid the Iran crisis. Lenders are closely watching existing ties to avoid financial...
11 May, 2026, 12.56 AM IST
CMS bags Rs 400 cr contract to manage 6,000 HDFC Bank ATMsCMS Info Systems has secured a significant Rs 400 crore order from HDFC Bank. The deal involves managing 6,000 ATMs for the next five years...
10 May, 2026, 04.29 PM IST
RBI imposes penalties on YES Bank, Hinduja Housing FinanceThe 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...
08 May, 2026, 07.59 PM IST
RBI imposes penalty on Bandhan Bank, Muthoot Housing Finance CompanyWhile imposing a penalty on Bandhan Bank, the RBI said the bank failed to carry out periodic review of risk categorisation of certain categ...
24 Apr, 2026, 07.20 PM IST
RBI imposes penalty on Ebix Payment Services, 2 others over non-complianceThe Reserve Bank of India has taken action against Ebix Payment Services, Dr Babasaheb Ambedkar Nagari Sahakari Bank, and Hardoi Jilla Sahk...
23 Apr, 2026, 10.10 PM IST
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 ...
30 Mar, 2026, 08.08 PM IST
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...
20 Mar, 2026, 09.04 PM IST
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...
13 Mar, 2026, 08.05 PM IST
RBI imposes Rs 2.49 crore penalty on 3 banksFurther, a fine of Rs 1 crore has been imposed on Punjab and Sind Bank for non-compliance with certain directions on 'Loans and Advances - ...
12 Jan, 2024, 07.33 PM IST
RBI imposes penalties on TCPSL, ATPL"It was observed that TCPSL was non-compliant with the directions issued by RBI on White Label ATM deployment targets and net-worth require...
24 Nov, 2021, 06.39 PM IST
RBI imposes penalty on Axis Bank"...the bank failed to monitor/carry out ongoing due diligence in the said account to ensure that the transactions were consistent with its...
01 Sep, 2021, 09.03 PM IST