RBI drafts plan on outsourcing of IT services by banks, NBFCs

Jun 24, 2022

New Delhi [India], June 24 : In order to ensure effective management of risks in outsourcing of IT activities by banks, non-banking financial companies,...

RBI issues revised instructions for banks on locker management

Aug 18, 2021

Mumbai (Maharashtra) [India], Aug 18 : The Reserve Bank of India (RBI) on Wednesday issued revised instructions for all banks regarding locker management following...

Effective management, governance, compliance practices essential to safeguard banks financial stability: RBI deputy governor

May 31, 2023

These remarks were made by RBI deputy governor Jain at the Conference of Directors of Banks, organised by the RBI for public sector banks...

RBI issues new compliance guidelines for banks

Sep 11, 2020

Mumbai (Maharashtra) [India], September 11 : The Reserve Bank of India (RBI) on Friday issued new guidelines for banks to tighten their compliance functions...

Mahindra Finance says RBI lifted restrictions on loan recovery via outsourcing

Jan 04, 2023

On September 22, 2022, the RBI directed Mahindra and Mahindra Financial Services Limited to immediately cease carrying out any recovery or repossession activity through...

RBI cancels Certificate of Registration of PC Financial Services Pvt Ltd

Feb 24, 2022

New Delhi [India], February 24 : Reserve Bank of India on Thursday cancelled the Certificate of Registration of PC Financial Services Pvt Ltd, Delhi...