The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹20,00,000 on Manappuram Finance Limited for non-compliance with specific provisions of the RBI (Know Your Customer (KYC)) Directions, 2016. The penalty was levied under the powers conferred on RBI by the Reserve Bank of India Act, 1934.

The Reserve Bank of India (RBI) today organized the second annual Conference of Directors on the Boards of Private Sector Banks in Mumbai, under the theme “Transformative Governance through Sound Boards.” The event brought together over 200 directors, including Chairmen, Managing Directors, and Chief Executive Officers of private sector banks, alongside senior RBI officials.

The Reserve Bank of India (RBI) hosted the Second Conference of State Registrars of Cooperative Societies (RCSs) at its New Delhi office today. The event was co-chaired by RBI Deputy Governors Shri M. Rajeshwar Rao and Shri Swaminathan J., with participation from senior RBI officials, Registrars from various states, and officials from the Ministry of Cooperation, Government of India.

The Reserve Bank of India (RBI) has released its latest Report on Municipal Finances, titled “Own Sources of Revenue Generation in Municipal Corporations: Opportunities and Challenges”, analyzing the budgetary data of 232 municipal corporations (MCs), covering over 90% of MCs nationwide.

The Reserve Bank of India has imposed a monetary penalty of ₹50,000 on Family Home Finance Private Limited, Mumbai, for lapses related to Know Your Customer (KYC) compliance. The order, dated October 17, 2024, was issued under the powers granted to the RBI through section 52A of the National Housing Bank Act, 1987.