#BankingRegulations Archives - Page 3 of 4 - BanksConnect

RBI Imposes Penalties on Co-operative Banks and NBFCs for Regulatory Violations

The Reserve Bank of India (RBI) has taken a strong stance against regulatory non-compliance by penalizing several financial institutions. On May 9, 2025, penalties were imposed on four co-operative banks…

Hype May 16, 2025

Policy Updates

RBI Mandates Use of PRAVAAH Portal for Banks and Financial Entities from May 1, 2025

The Reserve Bank of India (RBI) is stepping into the future with a bold move that will change how banks and financial institutions operate. Starting May 1, 2025, all banks, financial companies, and other regulated entities will be required to use the PRAVAAH portal for submitting applications related to regulatory authorizations, licenses, and approvals. This initiative is set to streamline processes, enhance transparency, and speed up the application handling time.

Hype April 30, 2025

Daily News

IndusInd Bank Ltd: Amidst Speculation, Steps Towards Stability

Recently, IndusInd Bank Ltd has been the subject of speculation regarding its financial health. In this article, we aim to clarify the current situation and provide you with the information…

Manish Rai March 16, 2025

Daily News

RBI Slaps ₹66.60 Lakh Fine on HSBC for Rule-Breaking

The Reserve Bank of India (RBI) recently cracked down on The HongKong and Shanghai Banking Corporation Limited (HSBC), hitting the bank with a ₹66.60 lakh penalty. Why? HSBC didn’t play…

Hype March 1, 2025

Daily News

RBI Imposes Monetary Penalties on Ujjivan Small Finance Bank, Nainital Bank, and Shriram Finance Limited for Non-Compliance

The Reserve Bank of India (RBI) recently enforced monetary penalties on Ujjivan Small Finance Bank Limited, The Nainital Bank Limited, and Shriram Finance Limited for non-compliance with specific regulatory directions.…

Hype February 16, 2025

Daily News

“J&K Bank Penalized ₹3.31 Crore: A Closer Look at RBI’s Compliance Crackdown”

"RBI fines Jammu & Kashmir Bank ₹3.31 crore for non-compliance with financial inclusion, KYC, and loan guidelines. Learn more with examples on Banks Connect."

Manish Rai January 24, 2025

Daily News

RBI Lifts Restrictions on Arohan Financial Services Limited

In a significant regulatory move, the Reserve Bank of India (RBI) had, on October 17, 2024, directed Arohan Financial Services Limited, Kolkata, to halt its loan sanctioning and disbursal activities.…

Manish Rai January 4, 2025

Daily News

RBI Takes Action Against Four Co-operative Banks for Regulatory Lapses

The Reserve Bank of India (RBI) has recently imposed monetary penalties on four co-operative banks due to their failure to comply with regulatory guidelines. This step reflects the RBI’s dedication…

Manish Rai December 28, 2024

Daily News

RBI Penalties on Manappuram Finance and IndusInd Bank: Key Compliance Lessons for Bankers

The Reserve Bank of India (RBI) has recently imposed monetary penalties on two leading financial institutions—Manappuram Finance Ltd. and IndusInd Bank—for failing to comply with critical regulatory guidelines. These penalties…

Manish Rai December 25, 2024

Daily News

RBI Takes Action Against Co-operative Banks for Regulatory Lapses

The Reserve Bank of India (RBI) has imposed monetary penalties on several co-operative banks for failing to comply with its regulatory guidelines. These penalties, enforced under Section 47A(1)(c) read with…

Hype December 17, 2024