RBI
Moneylife Digital Team 19 April 2022
The Reserve Bank of India (RBI) has imposed monetary penalty of Rs17 lakh on Manappuram Finance Ltd (a non banking finance company mainly known for providing personal loans against gold or gold jewellery) for violating its directions on know your customer (KYC) norms.

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Moneylife Digital Team 12 April 2022
As many as 22 non-banking financial companies (NBFCs) and one housing finance company (HFC) have surrendered their certificates of registration (CoR) granted to them by the Reserve Bank of India (RBI).

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The trading hours of various markets regulated by the Reserve Bank will be restored, from April 18, to timings which were applicable during the pre-pandemic period, it was announced on Monday.

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Moneylife Digital Team 08 April 2022
The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs93 lakh on Axis Bank Ltd and a fine of Rs90 lakh on IDBI Bank Ltd for non-compliance with the regulatory directions issued by RBI on various norms, including some of serious nature.

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Moneylife Digital Team 08 April 2022
The monetary policy committee (MPC) of the Reserve Bank of India (RBI), in its first bi-monthly policy review for FY23, has decided to keep the repo rate unchanged at 4% while restoring the width of the liquidity adjustment facility (LAF) to 50 basis points (bps),

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Amazon and Future Retail Ltd (FRL) on Monday informed the Supreme Court that they wish to appear before the Singapore International Arbitration Centre in connection with the pending adjudication of arbitration proceedings before it.

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Moneylife Digital Team 30 March 2022
While emphasising on governance structures and practices for prioritising protection of the interests of depositors in banks, the Reserve Bank of India (RBI) found compliance,

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Investors who lost heavily in Dewan Housing Finance Ltd (DHFL) had thought that Kapil and Dheeraj Wadhawan, promoters of the failed finance company DHFL, were being held in Taloja jail.

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The Supreme Court on Wednesday suggested arbitration proceedings before the Singapore International Arbitration Centre (SIAC) governed tribunal may resume, where the American e-commerce giant Amazon could press for the relief.

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Moneylife Digital Team 11 March 2022
After observing certain material supervisory concerns, the Reserve Bank of India (RBI) has directed Paytm Payments Bank Ltd to stop onboarding new customers with immediate effect.

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Moneylife Digital Team 09 March 2022
Taking cognisance of misinformation being spread through social media, the Reserve Bank of India (RBI) has warned about using third parties for early redress of consumer grievances under the RBI’s integrated ombudsman scheme (RBI-IOS).

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IANS 28 February 2022
In a big jolt to BharatPe Co-founder and Managing Director Ashneer Grover, he has lost an arbitration in Singapore he filed against the fintech platform for launching a probe against him.

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Rajendra H Gill 25 February 2022
The Reserve Bank of India (RBI), after choosing to be willfully blind through most of this financial year, has now finally awakened to the fact that zero-coupon par capitalisation bonds,

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Moneylife Digital Team 24 February 2022
The Reserve Bank of India (RBI) on Thursday cancelled the certificate of registration of Delhi-based PC Financial Services Pvt Ltd (PCFS) for violation of its directions on outsourcing and know your customer (KYC) norms.

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Moneylife Digital Team 22 February 2022
The Reserve Bank of India (RBI) has cautioned people against the car pooling app called sRide, citing that the firm was operating a semi-closed (non-closed) pre-paid instrument (wallet) without required authorisation from the central bank.

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Moneylife Digital Team 10 February 2022
We had mentioned in Wednesday’s closing report that Nifty and Sensex trending up. On Thursday, the indices opened gap up, and ended with gain.

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Moneylife Digital Team 10 February 2022
Calling private cryptocurrencies a threat to the macroeconomic and financial stability of the country, Shaktikanta Das, governor of the Reserve Bank of India (RBI), has warned investors to keep in mind that they are investing at their own risk.

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Moneylife Digital Team 10 February 2022
The monetary policy committee (MPC) of the Reserve Bank of India (RBI) has decided to keep policy rates unchanged in its February review.

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IANS 07 February 2022
The Reserve Bank of India (RBI) postponed its Monetary Policy Committee's meeting to Tuesday as the Maharashtra government declared a public holiday on Monday to mourn the demise of melody queen Lata Mangeshkar.

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Moneylife Digital Team 01 February 2022
Ending the party for investors of crypto assets, non-fungible token (NFT) and exchanges, finance minister (FM) Nirmala Sitharaman on Tuesday announced a 30% tax on income from the transfer of virtual digital assets.

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