RBI imposes monetary penalty on Hinduja Leyland Finance Limited
India, Sept. 4 -- The Reserve Bank of India (RBI) has, by an order dated September 02, 2026, imposed a monetary penalty of Rs. 6.20 lakh (Rupees Six Lakh Twenty Thousand only) on Hinduja Leyland Finance Limited (the company) for non-compliance with certain provisions of the directions issued by RBI on 'Pricing of Microfinance Loans' and 'Securitisation of Standard Assets'. This penalty has been imposed in exercise of powers conferred on RBI under Section 58G(1)(b) read with Section 58B(5)(aa) of the Reserve Bank of India Act, 1934.The statutory inspection of the company was conducted by RBI with reference to its financial position as on March 31, 2025. Based on the supervisory findings of non-compliance with RBI directions and related corre...
To read the full article or to get the complete feed from this publication, please
Contact Us.