Tag: Reserve bank of India
High interest rates cause Lending Tech seed deal activity to almost...
Key Global Lending Tech seed investment stats in Q1 2024:
• Lending Tech seed deal activity reached 46 funding rounds in Q1 2024, a 49%...
Indian FinTech deal activity drops by a third in Q1 2024...
Key Indian FinTech investment stats in Q1 2024:
• Indian FinTech deal activity reached 56 funding rounds in Q1 2024, a 33% drop from Q1...
Reserve Bank of India fines HDFC Bank $107,696 for failing to...
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.
Credit Saison’s India branch gets non-banking financial company licence
The Reserve Bank of India has granted Credit Saison India a non-banking financial company (NBFC) licence.
Reserve bank of India pushes back KYC deadline, again
The Reserve bank of India (RBI) has reportedly extended the deadline for prepaid payment instruments (PPIs) to be compliant with KYC rules.
Reserve Bank of India releases final framework for regulatory sandbox
The Reserve Bank of India has released the final version of the framework for the regulatory sandbox.
Reserve Bank of India fines four banks for KYC and AML...
The Reserve Bank of India (RBI) has implemented fines to four banks for non-compliance with KYC, AML, and account opening standards.
Reserve Bank of India fines HDFC INR 10m for KYC/AML fines
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.
Finova Capital raises $6m from Sequoia India
Jaipur-based non-banking financial company Finova Capital has raised $6m over two tranches from Sequoia India.
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