No RBI appointed Director on RBL Board now, as Dayal’s term ends
The Reserve Bank of India had appointed Yogesh K. Dayal, Chief General Manager of RBI, as an Additional Director on the Board of RBL Bank for a period of two years, with effect from December 24, 2021, to December 23, 2023, or until further orders, whichever is earlier.
A Fintech Repository Will Be Established By April 2024, According To The RBI
The Reserve Bank of India (RBI) declared on December 8 its plan to establish a fintech repository by April 2024.
RBI Deputy Governor Issues Warning on “Dark Patterns” in Digital Loan Misselling
In a recent alert, RBI Deputy Governor M Rajeshwar Rao warned of 'dark patterns' in the mis-selling of digital loans, signalling deceptive design interfaces and tactics that mislead users into high-cost, short-term consumer credit.
Citibank, Bank of Baroda and Indian Overseas Bank fined by the RBI for non-compliance
The Reserve Bank of India (RBI), the banking regulator, has fined Citibank, Bank of Baroda, and Indian Overseas Bank a total of Rs 10.34 crore on November 24 for not following certain rules.
RBI Approved Hinduja Group’s Director to join Reliance Capital’s Board amid Bankruptcy
The Reserve Bank of India (RBI) has approved the appointment for five representatives from the Hinduja Group to join the board of Reliance Capital, which is facing financial challenges, according to sources.
RBI Is Considering Framework Revamp By Increasing Penal Amounts
The Reserve Bank of India (RBI) is considering a thorough review of its penalty framework, Business Standard reported, citing reliable regulatory sources.
RBI Approves Isha Ambani, Anshuman Thakur, And Hitesh Sethia As Directors Of Jio Financial Services
The Reserve Bank of India (RBI) has approved the appointment of Isha Ambani, Anshuman Thakur, and Hitesh Kumar Sethia as Directors of Jio Financial Services.
RBI directs Bajaj Finance to cease lending through ‘eCOM’ and ‘Insta EMI Card’
The banking sector regulator, the Reserve Bank of India (RBI), has taken action under Section 45L(1)(b) of the RBI Act of 1934 and mentioned that Bajaj Finace Limited must follow their instructions with “immediate effect".
Manoranjan Mishra Appointed Executive Director of RBI
The Reserve Bank of India has appointed Manoranjan Mishra as an Executive Director (ED) with effect from November 1, 2023.
The RBI is seeking directors of banks to be more active
The Reserve Bank of India desires increased participation from bank directors in committee and board meetings, particularly in private banks.
