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China set to fine Ant Group over $1 bln, signalling revamp nears end-sources

China set to fine Ant Group over $1 bln, signalling revamp nears end-sources

by AIP Online Bureau | Nov 23, 2022 | Eco/Invest/Demography, Non-Life, Regulation, Technology

The regulators also pushed Ant, whose businesses span payment processing, consumer lending and insurance products distribution, to revamp its business structure and bring it under tighter regulatory supervision Chinese authorities are poised to impose a fine of more...

RBI imposes Rs 36 lakh fine on Central Bank of India for violating customer protection norms

by AIP Online Bureau | Apr 24, 2022 | Banking & Bancassurance, Indian News, Regulation

It revealed non-compliance with the relevant directions to the extent the bank failed to credit (shadow reversal) the amount involved in the unauthorised electronic transaction to the customer’s account within 10 working days from the date of notification by the...
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