Is Your NBFC Ready for the Latest RBI Updates?
The Reserve Bank of India (RBI) is rolling out significant measures to tighten the compliance landscape for Non-Banking Financial Companies (NBFCs). These updates span digital lending, reporting requi...
RBI Is Cracking Down on NBFCs — Is Your Company Compliance-Ready?
The Reserve Bank of India (RBI) has intensified its scrutiny of Non-Banking Financial Companies (NBFCs)—and the message is loud and clear: compliance is no longer negoti...
RBI Slaps Penalty on Shriram Finance: A Strong Signal to NBFCs and Fintechs
In a recent move, the Reserve Bank of India (RBI) fined Shriram Finance Limited, one of India’s major NBFCs, for violating digital lending regulations. Thi...
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The Reserve Bank of India (RBI) has imposed fines on six NBFCs for violating key regulatory norms under the RBI Act, 1934. These penalties, totaling over ₹60 lakh, highlight RBI’s tightening grip on governance and compliance.
Who Got Fined...
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In a significant move reinforcing its commitment to maintaining financial stability and consumer protection, the Reserve Bank of India (RBI) recently canceled the licenses of two non-banking financial companies (NBFCs) - Polytex India Ltd, based in M...