Reserve Bank of India strikes Rs 1-crore punishment on Bajaj Finance
MUMBAI: The Reserve Bank of India has forced a punishment of Rs 1 crore on Bajaj Finance for lacks in administrative consistency. As per RBI, the punishment has been forced, by a request on January 3, for infringement of ‘Reasonable Practices Code of Master Direction DNBR’. “This action is based on deficiencies in regulatory compliance …
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