RBI Imposes Penalty On Muthoot Finance, Manappuram Finance ...Middle East

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RBI Imposes Penalty On Muthoot Finance, Manappuram Finance
Mumbai:  The Reserve Bank of India (RBI) on Thursday imposed penalties of Rs 10 lakh and Rs 5 lakh on Muthoot Finance and Manappuram Finance respectively for norm violations. The central bank has penalised Muthoot Finance Limited for non-compliance with directions issued by RBI on maintenance of loan-to-value ratio in gold loans and on obtaining … The post RBI Imposes Penalty On Muthoot Finance, Manappuram Finance appeared first on Ommcom News.

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