March 7, 2025 9:19 PM
Penalties on 4 Non-Banking Fin Companies for non-compliance with regulatory guidelines
The Reserve Bank of India (RBI) has imposed monetary penalties on four Non-Banking Financial Companies - Peer to Peer (NBFC-P2P) lending platforms for non-compliance with regulatory guidelines. Rang De P2P Financial Services Limited was fined 10 lakh rupees for disbursing loans to individual borro...