RBI Slaps Rs 42.78 Lakh Penalty on Manappuram Finance for Violating Multiple Norms
Finance
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RBI Slaps Rs 42.78 Lakh Penalty on Manappuram Finance for Violating Multiple Norms

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November 17, 2023
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New Delhi: Manappuram Finance faces a monetary penalty imposed by the Reserve Bank of India (RBI) for breaches in regulatory compliance. The penalty, amounting to ₹42.78 lakh, is not a verdict on the validity of any transactions or agreements made by the company with its customers, clarified the RBI. The

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