RBI penalizes two non-public sector lenders

MUMBAI : The Reserve Financial institution of India (RBI) on Monday stated it has penalized non-public sector lenders Kotak Mahindra Financial institution and Indusind Financial institution for failing to agree to regulatory pointers. The banking regulator has imposed a penalty of ₹1.05 on Kotak Mahindra Financial institution for contravention of provisions of sub-section (2) of …

RBI penalizes two non-public sector lenders Read More »