Chief Digital Officer Deepa Ranjeet assumes the role of CIO of MMFSL to comply with RBI Direction
Deepa Ranjeet, Chief Digital Officer, Financial Services Sector, Senior Management Personnel (SMP) and Head of IT Function of Mahindra & Mahindra Financial Services Limited is directly taking over the responsibilities of CIO with effect from June 5 2024.
RBI released Final guidelines for fintech SRO
The final guidelines for establishing a self-regulatory organisation (SRO) for the fintech industry were announced by the Reserve Bank of India on Thursday.
RBI Appoints Pradeep Kumar Sinha as ICICI Bank’s Part-Time Chairman
The Reserve Bank of India (RBI) has approved the appointment of Pradeep Kumar Sinha to assume the role of part-time Chairman at ICICI Bank for a period of three years with effect from July 1, 2024.
SEBI Proposes a Multi-Regulator Approach for Crypto Trading, Differing From RBI’s Concerns
India's market regulator, the Securities and Exchange Board of India (SEBI), has proposed that multiple regulators oversee cryptocurrency trading, according to documents, marking the clearest indication yet that some authorities in the country may be open to the use of private virtual assets.
Fifteen NBFCs have surrendered Registration certificates to RBI
According to the Reserve Bank of India (RBI), 15 NBFCs have surrendered their registration certificates for a variety of reasons, including Tata Capital Financial Services and Revolving Investments.
Belstar Microfinance and Sundaram Home Finance penalised by RBI
The Reserve Bank of India (RBI) announced on Friday that it had fined Belstar Microfinance Rs 3,10,000 and Sundaram Home Finance Rs 1,50,000 for not adhering to certain parts of the Know Your Customer (KYC) regulation, 2016.
RBI Removes Restrictions on Bank of Baroda’s ‘Bob World’ App
On May 8, 2024, the Reserve Bank of India informed the Bank of Baroda that it had lifted the restriction on adding customers to its 'Bob World' mobile app, effective immediately.
RBI lifts the eCOM and Insta EMI Card Ban of Bajaj Finance
Bajaj Finance announced to the stock exchange that the Reserve Bank of India (RBI) had removed the restrictions on its eCOM and online digital "Insta EMI Card" on Thursday, with an immediate effect.
RBI Amends Guidelines on operational risk, Includes NBFCs
On Tuesday, the Reserve Bank of India (RBI) revised its "guidance note" regarding the operational risk management framework of lenders, encompassing a wider range of lenders, including Cooperative Banks and Non-Banking Financial Companies (NBFCs).
RBI Deputy Governor T. Rabi Sankar Got a one-year extension
T. Rabi Sankar, RBI Deputy Governor, has been reappointed for a year by the Appointment Committee of the Cabinet (ACC) with effect from May 3, 2024.
