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Rising NPAs: A Red Flag NBFCs Can’t Afford to Ignore
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RBI's Training Push: A Wake-Up Call for NBFCs on Digital Compliance and Supervision
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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...