BI Orders ‘Cease and Desist’ on 4 NBFCs Over Usurious Pricing and Regulatory Deviations
18
Oct
BI Orders ‘Cease and Desist’ on 4 NBFCs Over Usurious Pricing and Regulatory Deviations Sub: Eco Sec: Monetary Policy Action by RBI: The Reserve Bank of India (RBI) has issued a ‘cease and desist’ order to four non-banking financial corporations (NBFCs). The action is taken due to usurious pricing and other regulatory violations […]