RBI Imposes ₹3.91 Crore Penalty On Lenden Club And Liquiloans For Regulatory Violations In P2P Lending And Digital Practices
Rajesh Kumar
27 Aug 2024 1:40 PM IST
The Reserve Bank of India (RBI) has imposed monetary penalties on two non-banking financial companies (NBFCs), Innofin Solutions Pvt Ltd and NDX P2P Pvt Ltd for failing to comply with various regulatory guidelines. These companies, known respectively as LenDen Club and LiquiLoans, were penalized ₹1.99 crore and ₹1.92 crore for violations of the RBI's directions related...
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