RBI cancels NBFC registration of 35 companies due to regulatory non-compliance under Section 45-IA of the RBI Act, ensuring financial sector stability in India. RBI Cancels Certificates of Registration of 35 NBFCs for Regulatory Non-Compliance In a significant regulatory action aimed at strengthening India’s financial sector, the Reserve Bank of India (RBI) has cancelled the…
RBI data quality index March 2025 reveals improved supervisory reporting by Indian banks. Learn sDQI scores, top-performing banks, and key exam takeaways. RBI’s Supervisory Data Quality Index Rises in March 2025 What is the Supervisory Data Quality Index? The Reserve Bank of India (RBI) developed the Supervisory Data Quality Index (sDQI) to assess the quality…
RBI Imposes Monetary Penalties on 5 Co-operative Banks In a recent development, the Reserve Bank of India (RBI) has imposed monetary penalties on five co-operative banks for various violations. This action comes as part of the central bank’s efforts to ensure compliance and maintain the stability of the banking sector. Penalties Imposed: Response from RBI:…
Introduction: RBI’s Regulatory Actions The Reserve Bank of India (RBI) has recently imposed monetary penalties on two prominent financial institutions—State Bank of India (SBI) and Jana Small Finance Bank Ltd—for non-compliance with specific regulatory norms. These actions underscore the RBI’s commitment to ensuring adherence to banking regulations and maintaining the integrity of the financial system….
RBI Imposes Business Restrictions on Edelweiss Group Overview of RBI’s Action The Reserve Bank of India (RBI) has imposed significant business restrictions on Edelweiss Group’s lending and asset reconstruction entities. This move aims to address concerns related to loan manipulation and structured transactions that allegedly circumvented regulatory norms. Edelweiss Asset Reconstruction Company Ltd (EARCL) and…
RBI Lifts Supervisory Restrictions on Navi Finserv The Reserve Bank of India (RBI) has recently removed the supervisory restrictions placed on Navi Finserv. These restrictions were imposed on the financial services company due to certain regulatory concerns. The lifting of these restrictions marks a significant step for Navi Finserv in its operations and governance, as…
RBI Updates Alert List of Unauthorized Forex Trading Platforms The Reserve Bank of India (RBI) has recently updated its alert list, identifying unauthorized foreign exchange (forex) trading platforms. This move is part of the central bank’s ongoing efforts to protect investors and promote transparency in the financial market. The RBI has emphasized the need for…
Cancellation of FCRA License of International Cooperative Alliance: An Overview The International Cooperative Alliance (ICA), a prominent global organization representing cooperative enterprises, has had its Foreign Contribution Regulation Act (FCRA) license canceled by the Indian government. This decision has significant implications for the organization, which focuses on promoting and supporting cooperatives across various sectors. Background…
SIF 2024 Unveils World’s First AI-Powered Trade Licence Service Introduction The Singapore International Foundation (SIF) 2024 has announced the launch of the world’s first AI-powered trade licence service. This ground-breaking initiative is designed to streamline and automate the process of applying for trade licences, making it more efficient for businesses across various sectors. The system…
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…
