RBI Imposes Rs 10 Lakh Penalty on NABFINS Limited for Non-Compliance

Last updated: 22 April 2024

In a recent development, the Reserve Bank of India (RBI) has levied a monetary penalty of Rs 10 lakh on NABFINS Limited, a subsidiary of NABARD, citing non-compliance with specific regulations. The penalty is attributed to the companys failure to adhere to the provisions outlined in the non-banking

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