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RBI imposes penalties on Muthoot Finance, 5 others for compliance violations

in5points

  1. RBI imposed penalties on Muthoot Finance, Satya MicroCapital, PAN Emami Cosmed, Dhani Loans and Services, Muthoot Vehicle and Asset Finance, and Avail Financial Services.

  2. Muthoot Finance fined Rs 5.80 lakh, Satya MicroCapital and PAN Emami Cosmed fined Rs 3.10 lakh each.

  3. Dhani Loans and Services and Muthoot Vehicle and Asset Finance fined Rs 2.70 lakh each.

  4. Avail Financial Services fined Rs 6.20 lakh.

  5. Penalties were for compliance violations.

8h ago · original ↗