Tag: Reserve Bank of India

The Reserve Bank of India (RBI) banned American Express Banking and Diners Club International from adding new customers, citing non-compliance with data-storage rules.

The central bank of India has found a lender’s due diligence procedures lacking and has fined the bank Rs one crore ($107,696) as a result.

The Reserve Bank of India has granted Credit Saison India a non-banking financial company (NBFC) licence.

The Reserve bank of India (RBI) has reportedly extended the deadline for prepaid payment instruments (PPIs) to be compliant with KYC rules.

The Reserve Bank of India has released the final version of the framework for the regulatory sandbox.

The Reserve Bank of India (RBI) has imposed a ₹70m monetary penalty on the State Bank of India for failing to comply with the standards set up by the central banking institution.

The Reserve Bank of India (RBI) is establishing a working group to review regulatory and supervisory framework for core investment companies (CICs).

The Reserve Bank of India (RBI) has implemented fines to four banks for non-compliance with KYC, AML, and account opening standards.

The Reserve Bank of India (RBI) has deployed an INR 10 million ($143,570) fine on HDFC Bank for failing to meet KYC and AML compliance and the reporting of frauds.

The Reserve Bank of India has released the guidelines for the tokenisation of debit, credit and prepaid card transactions.