Story 322 Aug 2026· The Economic Times
RBI imposes penalty on Progfin, Shri Ram Finance Corporation for non-compliance
The Reserve Bank of India has fined Shri Ram Finance Corporation ₹8.10 lakh for management transitions and inadequate client risk classification. Progfin received a ₹2.70 lakh penalty for failing to conduct timely risk reviews, underscoring regulatory emphasis on compliance.
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