Fino Payments Bank fined ₹1 crore for opening new accounts against RBI order
In a fresh bout of trouble, Mumbai-based Fino Payments Bank has been fined ₹1 crore by the Reserve Bank of India (RBI). In a fresh notification, “The Reserve Bank of…
In a fresh bout of trouble, Mumbai-based Fino Payments Bank has been fined ₹1 crore by the Reserve Bank of India (RBI). In a fresh notification, “The Reserve Bank of…
The Reserve Bank of India (RBI) has lifted the prohibitions on Mumbai-based Fino Payments Bank‘s new account opening functions. The payments bank can now open new accounts, effective October 22.…
Germany-based digital lending company Kreditech has been granted a first-of-a-kind license by the Reserve Bank of India (RBI) to operate as Non-Banking Financial Company (NBFC) in India. Ashish Kohli MD…
Reserve Bank of India advised Non-Banking Finance Companies (NBFCs) to induce more equity and long-term debt in the post-policy interaction with the press. This will reduce its dependency on short-term…
India’s first crypto-currency exchange, Zebpay closed it’s trading activities on September 27th, 2018 due to strict norms of Reserve Bank of India against virtual currencies. Zebpay has been facing troubles…
Bandhan Bank cannot open any more branches as it does not meet the pre-requisites for licensing. The Reserve Bank of India apart from laying down restrictions on the bank also…
Amid rising fear of credit crunch, The Reserve Bank of India on Thursday relaxed the mandatory cash requirement levied on the banks as it would induce “durable liquidity” in the…
Yes Bank‘s uncertain future has wiped out nearly ₹43,000 crore investor’s wealth in a time span of 5 weeks. The bank has been dealing in red since RBI reject Rana…
India while standing at the growth forecast of 7.3% for the current fiscal year has continued on a robust growth path, said Asian Development Bank (ADB) in its flagship report…
The Yes Bank’s board meeting on Tuesday came to a decision that it will request Reserve Bank of India (RBI) to extend Rana Kapoor’s term till 30th September 2019. Reserve…