The Reserve Bank of India (RBI) imposed a monetary penalty on Muthoot Finance Limited for failing to adhere to the 'Know Your Customer (KYC) Directions, 2016'. RBI has imposed a penalty of ₹1,90,000 on Muthoot Finance Limited. The penalty was levied under the provisions of clause (b) of sub-section (1) of section 58G, read with clause (aa) of sub-section (5) of section 58B,...
