by newsworm | Feb 15, 2025 | Banking, Nainital Bank, RBI, Ujjivan Small Finance Bank
The Reserve Bank of India (RBI) has imposed penalties on several financial institutions for failing to comply with regulatory norms. Nainital Bank Ltd and Ujjivan Small Finance Bank were penalized for specific non-compliances. Nainital Bank was fined ₹61.40 lakh for... by newsworm | Feb 15, 2025 | Banking, Nainital Bank, RBI, Ujjivan Small Finance Bank
The Reserve Bank of India (RBI) has imposed penalties on three banks and a non-banking entity for non-compliance with regulatory norms. Nainital Bank, Ujjivan Small Finance Bank, and Shriram Finance have been slapped with fines totaling Rs. 68.1 lakh. Nainital Bank... by newsworm | Feb 14, 2025 | Banking, Nainital Bank, RBI, Ujjivan Small Finance Bank
The Reserve Bank of India (RBI) has imposed a penalty of Rs 5.80 lakh on Shriram Finance, a non-banking financial company (NBFC), for non-compliance with certain regulatory guidelines and directions. The violations include failure to follow Know Your Customer (KYC)...