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India: New Digital Lending Modules Overview

The Reserve Bank of India Digital Lending Guidelines appeared to prohibit any transfer of risk by an RE to a third party in relation to lending, and therefore led to some industry-wide confusion on whether REs could enter into Digital Lending Guidelines arrangements.

RBI imposes Rs 14 5 crore penalty on State Bank of India, 13 other banks

RBI imposes Rs 14.5 crore penalty on State Bank of India, 13 other banks The Reserve Bank of India (RBI) on Tuesday imposed a monetary penalty on fourteen banks, including the State Bank of India (SBI) and Bank of Baroda (BOB) for violation of various rules. As per an official release, the violence includes non-compliance with certain provisions of directions issued by RBI on Lending to Non-Banking Financial Companies (NBFCs) , Bank Finance to Non-Banking Financial Companies (NBFCs) , Loans and Advances - Statutory and Other Restrictions , Creation of a Central Repository of Large Common Exposures - Across Banks read with the contents of Circular on Reporting to Central Repository of Information on Large Credits (CRILC) , Operating Guidelines for Small Finance Banks and for contraventions of provisions of Section 19(2) and Section 20 (1) of Banking Regulation Act, 1949.

RBI imposes penalties on SBI, 13 banks for violation of rules

RBI imposes penalties on SBI, 13 banks for violation of rules ANI | Updated: Jul 08, 2021 08:26 IST New Delhi [India], July 8 (ANI): The Reserve Bank of India (RBI) on Tuesday imposed a monetary penalty on fourteen banks, including the State Bank of India (SBI) and Bank of Baroda (BOB) for violation of various rules. As per an official release, the violence includes non-compliance with certain provisions of directions issued by RBI on Lending to Non-Banking Financial Companies (NBFCs) , Bank Finance to Non-Banking Financial Companies (NBFCs) , Loans and Advances - Statutory and Other Restrictions , Creation of a Central Repository of Large Common Exposures - Across Banks read with the contents of Circular on Reporting to Central Repository of Information on Large Credits (CRILC) , Operating Guidelines for Small Finance Banks and for contraventions of provisions of Section 19(2) and Section 20 (1) of Banking Regulation Act, 1949.

RBI imposes penalties on SBI, 13 banks for rule violations

RBI imposes penalties on SBI, 13 banks for rule violations
pakistantelegraph.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pakistantelegraph.com Daily Mail and Mail on Sunday newspapers.

RBI imposes monetary penalty on 14 banks for non-compliance - The Hindu BusinessLine

RBI imposes monetary penalty on 14 banks for non-compliance - The Hindu BusinessLine
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

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