The RBI s decision came after a statutory inspection of L&T Finance Limited, which covered its financial position as of March 31, 2021, and March 31, 2022.
RBI penalizes LT Finance with Rs 2.5 crore fine for non-compliance bignewsnetwork.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bignewsnetwork.com Daily Mail and Mail on Sunday newspapers.
RBI penalizes L&T Finance with Rs 2.5 crore fine for non-compliance aninews.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aninews.in Daily Mail and Mail on Sunday newspapers.
The RBI has imposed monetary penalties on three co-operative banks and one NBFC for deficiencies in regulatory compliance. These co-operative banks are: Annasaheb Magar Sahakari Bank, Jawhar Urban Co-operative Bank and Janata Urban Co-operative Bank
The Reserve Bank of India Digital Lending Guidelines appeared to prohibit any transfer of risk by an RE to a third party in relation to lending, and therefore led to some industry-wide confusion on whether REs could enter into Digital Lending Guidelines arrangements.