RBI
Moneylife Digital Team 21 January 2025
Modifying its guidelines on the settlement of dues of borrowers by asset reconstruction companies (ARCs), the Reserve Bank of India (RBI)

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Moneylife Digital Team 30 December 2024
While asking the National Payments Corporation of India (NPCI) to develop a facility to allow customers to use online fund transfer systems in real-time gross settlement (RTGS) and national electronic funds transfer (NEFT), the Reserve Bank of India (RBI) has advised banks to offer the name lookup facility to customers from 1 April 2025.

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Shaktikanta Das, the 25th Governor of the Reserve Bank of India (RBI), demitted office on Monday, leaving an impressive legacy of navigating several crises during his six-year tenure.

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Moneylife Digital Team 09 December 2024
Sanjay Malhotra, an officer from the Indian Administrative Services (IAS) serving as the revenue secretary in the Union finance ministry, has been appointed as the new governor of the Reserve Bank of India (RBI).

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Moneylife Digital Team 18 October 2024
Reserve Bank of India (RBI) has imposed a penalty of Rs7 lakh on three cooperative banks and a non-banking financial company (NBFC) for failing to comply with the directions issued by the banking regulator.

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Chandramouli Mohan 11 October 2024
When was the last time you were hit with a late fee and thought, “Well, this seems fair”? Suppose you missed a loan payment or delayed submitting financial documents to your bank.

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Moneylife Digital Team 11 October 2024
Reserve Bank of India (RBI) has directed asset reconstruction companies (ARCs) to become members of all four credit information companies (CICs) and submit the requisite data to them in the prescribed format.

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Moneylife Digital Team 09 October 2024
The monetary policy committee (MPC) of Reserve Bank of India (RBI), for the tenth consecutive time, decided to maintain the status quo on the repo rate, the central bank's rate for short-term loans to banks, unchanged at 6.5%.

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Moneylife Digital Team 23 August 2024
Reserve Bank of India (RBI) has cancelled the certificate of registration (CoR) of Margdarshak Financial Services Ltd, a non-banking financial company (NBFC) based in Lucknow, effective 20 August 2024.

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Moneylife Digital Team 06 August 2024
Reserve Bank of India released a draft circular laying down principles for managing model risks in credit for banks and other regulated entities (Res) to ensure prudence and robustness.

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Moneylife Digital Team 01 August 2024
To broaden the range of authentication factors available to payment system operators (PSOs) and users, enhancing both security and convenience, Reserve Bank of India (RBI) released a draft framework on alternative authentication mechanisms in digital payment transactions.

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Moneylife Digital Team 29 July 2024
Reserve Bank of India (RBI) penalised three payment system operators (PSO), namely Manappuram Finance Ltd, Ola Financial Services Pvt Ltd, and Visa Worldwide Pte Ltd, for non-compliance with the regulator’s guidelines.

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Moneylife Digital Team 24 July 2024
Reserve Bank of India (RBI) has cancelled the certificate of registration (CoR) of Assam-based Mahabhairab Cooperative Urban Bank Ltd due to the lender's inadequate capital and poor earnings prospects.

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Moneylife Digital Team 22 July 2024
Reserve Bank of India (RBI) has cancelled the certificate of registration (CoR) of Andhra Pradesh-based Uravakonda Cooperative Town Bank Ltd due to inadequate capital and poor earning prospects of the lender.

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Moneylife Digital Team 22 July 2024
Reserve Bank of India (RBI) has imposed a penalty of Rs1.90 lakh on Muthoot Finance Ltd for non-compliance with RBI directions on know-your-customer (KYC).

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Moneylife Digital Team 15 July 2024
Reserve Bank of India (RBI) Deputy Governor, Michael Debabrata Patra, highlighted the significant role of India's monetary policy in the country's journey towards becoming a developed economy during a discussion with Indian Administrative Service (IAS) officials.

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Moneylife Digital Team 11 July 2024
As banks navigate an increasingly complex emerging landscape, a harmonised approach by the regulators and auditors can remove the blind spots in risk identification and mitigation, says M Rajeshwar Rao, deputy governor of Reserve Bank of India (RBI).

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Moneylife Digital Team 11 July 2024
Reserve Bank of India (RBI) has issued a series of updates regarding remittances to International Financial Services Centers (IFSCs) under the liberalised remittance scheme (LRS).

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Moneylife Digital Team 08 July 2024
The Reserve Bank of India (RBI) has imposed a penalty of Rs1.32 crore on Punjab National Bank (PNB) for non-compliance with directions related to loans and advances, as well as statutory and other restrictions and know-your-customer (KYC) directions.

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Moneylife Digital Team 08 July 2024
Reserve Bank of India (RBI) has cancelled the certificate of registration (CoR) of Karnataka-based Shimsha Sahakara Bank Niyamitha due to inadequate capital and the lender's poor earning prospects.

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