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RBI Imposes Penalty of ₹10.4 Lakhs on HP Financial Services for KYC Non-Compliance

The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹10.4 lakhs on HP Financial Services, a non-banking financial company (NBFC), for failing to adhere to the regulatory framework concerning Know Your Customer (KYC) norms. This decision underscores the RBI’s ongoing commitment to ensuring compliance within the financial sector, particularly among NBFCs that […]

RBI Imposes Penalty of ₹10.4 Lakhs on HP Financial Services for KYC Non-Compliance Read Post »