Web1 day ago · Many Regulated Entities (REs) use penal rates of interest, over and above the applicable interest rates, in case of defaults or non-compliance by the borrower with the terms on which credit facilities were sanctioned. To review extant regulatory guidelines on levy of penal interest, the Reserve Bank of India (RBI) released 'draft circular on fair … WebMar 10, 2024 · Join our whatsapp group and get instant news updates. The Reserve Bank of India on March 10, 2024, said it has cancelled the Certificate of Registration (CoR) of 17 …
RBI issues Digital Lending Norms to curb Malpractices; Cancels banking …
WebAug 13, 2024 · The Reserve Bank of India (RBI) has cancelled the licence of Karnala Nagari Sahakari Bank of Maharashtra. Consequently, the bank ceases to carry on banking … WebNov 11, 2024 · RBI in its communication said: "The bank with its present fiscal position would be unfit to pay its present depositors in full; and public interest would be negatively affected if the bank is allowed to carry on its … port hueneme school district employment
Reserve Bank of India
WebThis question is for testing whether you are a human visitor and to prevent automated spam submission. Audio is not supported in your browser. WebMay 14, 2024 · On Thursday, the country's apex bank RBI suspended the license of West Bengal's United Co-operative Bank Ltd. The decision to this effect has been taken as the … WebFeb 14, 2024 · India’s central bank cancels licenses of two financial companies for digital lending malpractices. Reserve Bank of India has cancelled licenses of two Non-Banking … irma photography