RBI imposes penalties on Muthoot Finance, 5 others for compliance violations

The Reserve Bank of India has imposed penalties on six financial companies. Muthoot Finance received a Rs 5.80 lakh fine for risk management failures. Avail Financial Services was fined for director conflicts and exposure breaches. PAN Emami Cosmed faced penalties for exceeding credit exposure limits. Satya MicroCapital was penalized for incorrect NPA classification after restructuring.

Raccontata daeconomictimes.indiatimes.com