RBI Imposes Penalties on Godrej Housing, HUDCO, and Aadhar Housing Finance Overview of the Penalties In a recent move aimed at enforcing regulatory compliance, the Reserve Bank of India (RBI) has imposed penalties on three prominent housing finance institutions: Godrej Housing Finance, Housing and Urban Development Corporation (HUDCO), and Aadhar Housing Finance. The penalties stem…
RBI Issues Guidelines for Responsible Lending The Reserve Bank of India (RBI) has recently issued comprehensive guidelines aimed at promoting responsible lending practices in the Indian financial sector. These guidelines come at a crucial juncture when the banking and financial industry is undergoing significant transformations. In this article, we will delve into the importance of…
RBI Likely to Launch Digital Rupee Pilot for Interbank Transactions by October In recent developments, the Reserve Bank of India (RBI) has set its sights on modernizing the Indian financial landscape by initiating a digital rupee pilot program for interbank transactions. This groundbreaking step towards embracing digital currency is expected to roll out by October,…
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