The Reserve Bank of India (RBI) has taken significant actions regarding Kotak Mahindra Bank, including imposing restrictions on onboarding new customers. RBI has also notified norms for the voluntary transition of small finance banks to universal banks, proposing new norms for lending service providers to enhance transparency and setting eligibility rules for Small Finance Banks seeking Universal Banking Licence.
The Reserve Bank of India (#RBI) has asked some banks and lenders to stop using unfair practices while charging interest from borrowers, PTI reported https://t.co/mmM3diZhwl
#RBI directs #lenders to review their #lending practices in line with #FairPracticeCode https://t.co/MBOJicXwai https://t.co/E7nZeBme1o
#ETExplains: Everything to know about #RBI's criteria for small #finance #banks eyeing universal #banking status https://t.co/S9GExPL8wh
#RBI sets #eligibility rules for #SmallFinanceBanks seeking #UniversalBankingLicence https://t.co/zwXABTLsEY https://t.co/hFka237aw7
#RBI proposes new norms for #lending service providers to promote #transparency https://t.co/825WjcRaIW
#RBI lays out #roadmap for #small #lenders to achieve #UniversalBank status https://t.co/tUDgGY1wVR
The Reserve Bank of India (#RBI) recently imposed restrictions on #KotakMahindraBank, preventing the bank from onboarding new customers https://t.co/soxjjBTl8m
Small Finance Banks' conversion to Universal Banks: RBI UPDATES norms - FULL details https://t.co/4weDxeKCAU
News Alert | RBI: Notifies norms for voluntary transition of small finance banks to universal banks; details👇 @RBI https://t.co/zjs99GhDos
RBI seeks comments on digital lending draft norms on transparency in aggregation of loans https://t.co/Z3etW9sTcn via @moneycontrolcom
FAQs: Will RBI's Action on Kotak Bank Impact Existing Customers? Can New Accounts Still Be Opened? #RBI #KotakBank #Finance Reported by: @mdherris https://t.co/0cNKd5nS9d