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RBI Imposes Rs 90 92 Lakh Penalty on Axis Bank, Rs 42 78 Lakh Fine on Manappuram Finance

RBI Imposes Rs 90.92 Lakh Penalty on Axis Bank, Rs 42.78 Lakh Fine on Manappuram Finance for non-compliance with rules

Banking financial companyAxis bankManappuram finance ltdFinancial servicesCompany reserve bank directionsAxis bank ltdReserve bankManappuram financeKnow your customerManaging risksOperating current accountsStatutory inspectionSupervisory evaluationNon banking financial companySystemically important non depositBi penatly on axis bank

RBI imposes ₹20 lakh penalty on Manappuram Finance Details here

The Reserve Bank of India has fined Manappuram Finance ₹20 lakh for failing to classify certain gold loan accounts with overdues of more than 90 days as NPA

Manappuram financeCompany reserve bank directionsBanking financial companyReserve bankRupees twentyManappuram finance limitedImportant non depositIndia actRisk assessment reportInspection reportNon performing assetsNon banking financial companyReserve bank of indiaRbi penalty on manappuram financeRbi notice on manappuramRbi slaps penalty on manappuram finance

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