RBI Fines Ola Financial Services For Violating Norms, Imposes Rs 1.67 Crore Penalty
The penalty has been imposed in exercise of powers vested in RBI under Section 30 of the Payment and Settlement Systems Act, 2007, the central...
Tag : KYC
Editorial with Sujit Nair: Will RBI Take Responsibility?
Two Chinese and as many Indian nationals were recently arrested for allegedly operating instant loan apps in Chennai. Of late, there have been many instances...
Now, Bank KYC forms may ask for customer’s religion: Report
However, the amendments were made to the FEMA Act Regulation by the Reserve Bank of India in 2018, a year before the Citizenship Amendment Act...
The Curious Case of Foreign Funding
The stock market has been volatile in the last few days. After a stellar August month, macro concerns have taken over in September and we...