Technology

List of Banks, Insurance Companies, Other Lenders Who Are Yet To Comply With TRAI

List of Banks, Insurance Companies, Other Lenders Who Are Yet To Comply With TRAI

A number of banks, insurance companies and lenders are in the list of defaulters for failing to comply with the TRAI’s new set of norms on sending SMS to customers. This is not a happy news for customers of these banks, insurance companies, and other lenders as they are likely to experience inconvenience in receiving OTP from April 1. Also Read – Bank Strike Today: Banking Services Partially Affected as Lakhs of Employees Protest, SBI & Private Banks Functional

Telecom Regulatory Authority of India (TRAI) had issued the Telecom Commercial Communications Customer Preference Regulations, 2018(“TCCCPR, 2018”) on July 19, 2018, to check the menace of Unsolicited Commercial Communications (UCC) by putting in place a framework for controlling unwanted OTPs, transactional messages, service messages and commercial messages. Also Read – Banks to Charge For Deposit, Withdrawal of Money? Finance Ministry Clears The Air | Read Here

TRAI has claimed that there ‘lapses’ due to lack of care and diligence by Principal Entities, Telemarketers and Aggregators. Also Read – Banks Going to be Catalyst For Economic Revival at This Crucial Corona Time, Says Sitharaman

TRAI has directed these banks, insurance companies, and other lenders to fulfill the regulatory requirements before March 31, 2021 to avoid any disruption in the communication with the customers from April 1, 2021. Regulatory bodies such as RBI, SEBI, IRDA, Central and State government departments, other Autonomous bodies have been taken into cognisance.

Full List of Banks, Insurance Companies, Other Lenders on TRAI’s New Rules on SMS

  1. A&A DUKAAN FINANCIAL SERVICES PRIVATE LIMITED.
  2. Angel Broking Limited.
  3. AXIS BANK LIMITED.
  4. BAJAJ FINANCE LIMITED.
  5. BANDHAN BANK LIMITED.
  6. BANK OF BARODA.
  7. BANK OF INDIA.
  8. Canara Bank.
  9. Central Bank of India.
  10. Dakshin Haryana Bijli Vitran Nigam Limited.
  11. Delhivery Private Limited.
  12. FEDERAL BANK.
  13. Flipkart Internet Pvt. Ltd.
  14. Freecharge Payment Technologies Private Limited.
  15. HDFC BANK LIMITED.
  16. ICICI BANK LIMITED.
  17. IDBI BANK LIMITED.
  18. IDFC FIRST BANK LIMITED.
  19. IndiabulIs Consumer Finance limited.
  20. INDIAN OVERSEAS BANK.
  21. INSTAKART SERVICES PRIVATE LIMITED.
  22. Kotak Mahindra Bank Ltd.
  23. Kotak Securities Limited.
  24. LIFE INSURANCE CORPORATION OF INDIA.
  25. MEDLIFE WELLNESS RETAIL PRIVATE LIMITED.
  26. National Stock Exchange of India Limited.
  27. PSI PHI GLOBAL SOLUTIONS PRIVATE LIMITED.
  28. PUNJAB NATIONAL Bank.
  29. RAJASTHAN STATE HEALTH SOCIETY.
  30. RBLBANKLIMITED.
  31. RELIANCE RETAIL LIMITED.
  32. SAMSUNG INDIA ELECTRONICS PRIVATE LIMITED.
  33. SBI Cards and Payment Services Limited.
  34. STATE BANK OF INDIA.
  35. Supermarket Grocery Supplied Private Limited.
  36. TATA AlA LIFE INSURANCE COMPANY LIMITED.
  37. UNION BANK OF INDIA.
  38. VEDANTU INNOVATIONS PRIVATE LIMITED.
  39. WOPLIN BLOCKCHAIN TECHNOLOGIES.
  40. Yes Bank Ltd.


#List #Banks #Insurance #Companies #Lenders #Comply #TRAI

Leave a Comment