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Manappuram Anand Rathi Global Finance Penalised For Regulatory Non Compliance - BW Businessworld businessworld.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessworld.in Daily Mail and Mail on Sunday newspapers.
This action 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, RBI said.
Manappuram Finance failed to comply with the RBI’s directions on payment of surplus amounts realised by auctioning gold articles pledged by certain borrowers