RBI fines Shriram Fin, Nainital Bank and Ujjivan

February 15, 2025

The Reserve Bank of India fined Shriram Finance, Nainital Bank, and Ujjivan Small Finance Bank for not adhering to regulatory guidelines. Nainital Bank was fined Rs 61.40 lakh for issues with interest rates and customer service, Ujjivan received a Rs 6.70 lakh fine for not issuing loan agreements, and Shriram Finance was penalized Rs 5.

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