RBI imposes Rs 20 lakh fine on Manappuram Finance NBFC norms violation
Business Standard - FInance
JUNE 16, 2023
This penalty on the Thrissur-based gold loan company, which by AUM is the second largest such pure-play lender, is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the company with its customers, the central bank said on Friday.
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