Posted inRBI Announcements
RBI Fines Hero Fincorp ₹10 Lakh for Excess Interest
RBI has imposed a ₹10 lakh penalty on Hero Fincorp for collecting excess interest from loan accounts, violating fair lending guidelines.
Posted inRBI Announcements
RBI Fines Avail Financial Services ₹6.20 Lakh
RBI fined Avail Financial Services ₹6.20 lakh for governance and concentration norm violations found during a statutory inspection.
Posted inRBI Announcements
RBI Fines Satya MicroCapital ₹3.10 Lakh
RBI fines Satya MicroCapital ₹3.10 lakh for failing to classify restructured accounts as NPAs after a 2025 statutory inspection.