The Reserve Bank on Friday said the penalties set for RS 68.1 Lakh in two banks – Nainalital Bank and UJJJAVA Free Time – which violates the regulation.
RS 61.40 Lakh is set for Naininital Bank Ltd to comply with certain indicators ‘interest rate in Nevass’ and ‘Customer Service’, Urbi said in a statement.
In addition, RBI puts Rs fine 6.70 Lakh of UJJivan a small financial bank of non-follow-up financial issues issued by ‘Loans and Quasunces – restrictions and other limits’.
RBI also promotes Rs Final 5.80 Lakh in Shriram Finance, a non-child business, non-compliance with the specifications of the credit data ‘credit data’.
The penalties are based on the disapproval of controlled governance and is not intended to refer to any transaction or agreement that imports their lenders and customers, according to three different objects issued by the rubb.
The implementation of these finances without prejudice from any action that may be established by the RBI against the company.
