RBI Clears Kotak Mahindra Bank’s Digital Onboarding Ban – A Game-Changer for Banking Sector Introduction to the News The Reserve Bank of India (RBI) has officially lifted the ban on Kotak Mahindra Bank’s digital onboarding process. The ban was imposed in 2022 due to concerns over certain regulatory issues with the bank’s procedures for onboarding…
RBI Imposes Penalties on UCO Bank and Cent Bank Home Finance Ltd RBI’s Recent Action: Overview In a significant regulatory move, the Reserve Bank of India (RBI) has imposed financial penalties on UCO Bank and Cent Bank Home Finance Ltd. This decision underscores the RBI’s commitment to ensuring adherence to regulatory standards and maintaining the…
RBI Imposes ₹5.4 Crore Penalty on Paytm Payments Bank The Reserve Bank of India (RBI) recently imposed a penalty of ₹5.4 crore on Paytm Payments Bank, one of the leading digital payment banks in India. This decision by the RBI has significant implications not only for the banking sector but also for students preparing for…
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