Mumbai, Feb. 28 -- Mahindra & Mahindra Financial Services Limited received a Rs 11.50 lakh monetary penalty from the Reserve Bank of India (RBI) on Friday, following violations identified during annual inspection for FY ended March 31, 2025, the company informed the stock exchange.
The disclosure to the stock exchange by the company was made under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, as required for material events. The company has also uploaded this intimation on its website under the investor relations and regulatory filings section, ensuring transparency with stakeholders.
RBI took the regulatory action after identifying non-compliance with specific RBI directions.
The RBI identi...