RBI Penalises LIC Housing Finance, IDFC First Bank Over Violation
RBI has also canceled the certificate of registration of 4 NBFCs. (Representational) Mumbai: The Reserve Bank on Friday said it has imposed a penalty of Rs 1 crore on IDFC First Bank and Rs 49.70 lakh on LIC Housing Finance for violation of certain norms. The penalty on IDFC First Bank has been imposed for…
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