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RBI slaps fine of Rs 71.30 lakh on Mahindra & Mahindra Financial Services
Apr-26-2025

The Reserve Bank of India (RBI) has slapped a fine of Rs 71.30 lakh on Mahindra & Mahindra Financial Services for non-compliance with certain provisions of the 'Non-Banking Financial Company - Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016' and Know Your Customer Directions. 

The penalty is based on deficiencies in regulatory compliance and not intended to pronounce upon the validity of any transaction or agreement entered into by the entity with its customers.  

Mahindra & Mahindra Financial Services is one of India’s leading non-banking finance companies.


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