LatestCompany Registration 8 August 2026
NBFCs Penalized Rs12 Lakh
Three non-banking financial companies have been penalized by the Reserve Bank of India for non-compliance with Know Your Customer Directions, with total fines amounting to Rs12 lakh, the fines were imposed for non-compliance with certain provisions of the Reserve Bank of India Know Your Customer Directions
The Reserve Bank of India has imposed fines on three non-banking financial companies for non-compliance with certain provisions of the 'Reserve Bank of India (Know Your Customer (KYC)) Directions'. The total fine imposed is Rs12 lakh.
- The fines were imposed due to non-compliance with KYC regulations.
- The companies failed to adhere to the guidelines set by the Reserve Bank of India.
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