The Reserve Bank of India fined BNP Paribas, Hewlett Packard Financial Services, SMFG India Credit Company, and Muthoot Vehicle & Asset Finance for regulatory non-compliance. Fines ranged from Rs 7.9 lakh to Rs 31.8 lakh for issues such as interest rate disclosures and IT governance. The penalties focus on statutory deficiencies rather than transaction validity.
Related Posts
Godrej Properties acquires 6 land parcels in July-September to build projects worth Rs 9,650 crore
Godrej Properties acquired six land parcels in Q2 to develop housing projects worth Rs 9,650 crore, driven by strong demand. With these acquisitions, the firm […]
Mahila Samman Savings Certificate: Last few months to apply for MSSC scheme; get 7.5% interest rate – details here
The Mahila Samman Savings Certificate (MSSC) scheme, launched in March 2023, offers a 7.5% interest rate to women and minor girls until March 31, 2025. […]