The Reserve Bank of India (RBI) has released its latest list of Upper Layer Non-Banking Financial Companies (NBFC-UL), bringing four state-owned financial institutions under enhanced regulatory oversight. The updated list, announced on August 6, 2026, expands the number of NBFC-UL entities to 17, up from 15 in the previous list issued for FY25.
टैग: Financial Regulation
Capital One Says Trump Organization Accounts Were Closed After Anti-Money Laundering Review
Capital One has told a U.S. federal court that its decision to close more than 300 bank accounts linked to the Trump Organization in 2021 followed an internal anti-money laundering (AML) review rather than political considerations. The filing was made as the bank seeks dismissal of a lawsuit brought by the Trump Organization and Eric Trump, who allege they were unlawfully “debanked” because of their political affiliations.