Never Outsource Core Functions Like KYC Decisions
In the financial services industry, outsourcing has become an effective way to improve operational efficiency, reduce costs, and leverage specialized expertise. Many Non-Banking Financial...
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The Reserve Bank of India (RBI) has imposed a ₹33.10 lakh monetary penalty on IIFL Samasta Finance Limited for failing to adhere to regulatory norms.
🔍 Key Violations Identified:
❌ Charging interest before loan disbursement
❌ Misclassifying NPA...