Tag: Reserve bank of India

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 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.

Jaipur-based non-banking financial company Finova Capital has raised $6m over two tranches from Sequoia India.