RBI Tightens Norms - BlogNewsTime

RBI Imposes Substantial Penalties aggregating ₹10.34 crore on Citibank, BoB, and Indian Overseas Bank!

25 November 2023 by blognewstime.com

RBI Penalty on Banks: The Reserve Bank of India (RBI) has levied a hefty monetary penalty of ₹5 crore on Citibank NA, citing non-compliance with several regulatory directions. Similar penalties imposed on BoB & IOB, Read details here..

RBI Tightens Norms to Address Rising Unsecured Credit: Impact on Personal Loans and Credit Cards!

17 November 2023 by blognewstime.com

RBI tightens norms in response to the rising tide of unsecured credit reflects a commitment to ensuring the stability of the banking system. While this may result in increased costs for personal loans, it is a timely intervention to address potential risks and foster responsible lending practices.