RBI Penalizes Namdev Finvest Limited for KYC Violations
Namdev Finvest Limited has been fined ₹2.70 lakh by the RBI for non-compliance with KYC guidelines. This penalty highlights ongoing regulatory scrutiny in the finance sector.
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Namdev Finvest Limited has been fined ₹2.70 lakh by the RBI for non-compliance with KYC guidelines. This penalty highlights ongoing regulatory scrutiny in the finance sector.
On August 10, 2026, the RBI will conduct a Variable Rate Reverse Repo auction with a notified amount of ₹200,000 Crore for a tenor of 7 days. This step aims to manage the evolving liquidity conditions in the economy.
The Reserve Bank of India (RBI) has issued draft directions aimed at revising exposure limits and establishing new norms for housing loans and credit rules effective from April 1, 2027.
The Reserve Bank of India (RBI) has issued draft amendments to its NBFC Credit Facilities that propose restrictions on revolving credit products, allowing such products only for authorized credit card issuers. Public comments are invited.
The Reserve Bank of India (RBI) has officially excluded advances against specified FCNR(B) and NRE deposits from the Adjusted Net Bank Credit (ANBC) calculations for priority sector lending targets. This change is effective immediately.
The RBI has issued Fourth Amendment Directions for Commercial Banks regarding recovery agent engagement practices, emphasizing responsible conduct.
The RBI has updated its guidelines for Small Finance Banks (SFBs) regarding the engagement of recovery agents. This move is aimed at enhancing responsible business conduct.
The Reserve Bank of India has issued Fourth Amendment Directions for Local Area Banks focusing on managing recovery agents for microfinance loans.
The Reserve Bank of India has updated its Fourth Amendment Directions for Regional Rural Banks (RRBs). This revision pertains to engagement practices for recovery agents.
The RBI has issued updated Fourth Amendment Directions for Urban Co-operative Banks (UCBs), focusing on guidelines related to the engagement of recovery agents.
The Reserve Bank of India has issued Fourth Amendment Directions focused on engagement protocols for recovery agents by Rural Co-operative Banks. This is part of a broader push for responsible business conduct.
The Reserve Bank of India has updated the Responsible Business Conduct guidelines for All India Financial Institutions (AIFIs). The focus is on the responsibilities of AIFIs in managing recovery agents effectively.