Muthoot Finance Selected for FATF Mutual Evaluation Report 2023-24 Muthoot Finance’s Selection for FATF Mutual Evaluation Muthoot Finance, a leading financial services company in India, has been selected for the Financial Action Task Force (FATF) Mutual Evaluation Report for the year 2023-24. This recognition underscores the company’s adherence to global standards in combating money laundering…
South African Regulator Fines SBI’s South Africa Branch In a recent development, the South African banking regulator has imposed fines on the South Africa branch of the State Bank of India (SBI). This move comes as part of the regulator’s efforts to enforce compliance with banking regulations and ensure the integrity of the financial system…
RBI to Implement a New Penalty Framework for Banks The Reserve Bank of India (RBI) has recently announced its plans to introduce a revamped penalty framework for banks, aiming to strengthen the regulatory mechanism governing the banking sector. This strategic move comes as part of the RBI’s continuous efforts to fortify the banking system, ensuring…
