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The Reserve Bank of India (RBI) has imposed fines on six NBFCs for violating key regulatory norms under the RBI Act, 1934. These penalties, totaling over ₹60 lakh, highlight RBI’s tightening grip on governance and compliance.
Who Got Fined...
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The Reserve Bank of India (RBI) has imposed a ₹33.10 lakh monetary penalty on IIFL Samasta Finance Limited for failing to adhere to regulatory norms.
🔍 Key Violations Identified:
❌ Charging interest before loan disbursement
❌ Misclassifying NPA...
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The LendingTech sector in India is witnessing rapid growth, driven by the rising demand for digital lending solutions that target unbanked and underserved populations. This article delves into how LendingTech startups are differentiating themselves, ...