Top Stories
L&T Partners with PS Technology to Revolutionise Railways
6 mins read. August 2, 2024 at 12:45 PM
Jindal Saw Q1 FY24 PAT Rises 67% to Rs 441 Cr
4 mins read. August 2, 2024 at 12:41 PM
Pfizer Q1 FY25 PAT Zooms 61% to Rs 151 Cr
4 mins read. August 2, 2024 at 12:36 PM

RBI fines Rs 8.50 lakh penalty on Bajaj Finance
On October 13, the Reserve Bank of India (RBI) announced that it had fined Bajaj Finance Rs 8.50 lakh for breaking the rules.
According to a press release, the corporation did not follow RBI instructions to the extent of failing to report certain frauds to RBI or doing so slowly.
Consequently, a notice was sent to the company instructing it to provide justification for why no penalty should be applied for its failure to follow the instructions set forth in the notice, according to the statement.
According to the release, RBI determined that the charge of non-compliance with the aforementioned RBI directions was substantiated and warranted imposition of a monetary penalty, to the extent of such non-compliance with such directions, after taking into account the company's response to the notice, additional submissions made by it, and oral submissions made during the Personal Hearing.
Related News

L&T Partners with PS Technology to Revolutionise Railways
6 mins read. August 2, 2024 at 12:45 PM

Jindal Saw Q1 FY24 PAT Rises 67% to Rs 441 Cr
4 mins read. August 2, 2024 at 12:41 PM

Pfizer Q1 FY25 PAT Zooms 61% to Rs 151 Cr
4 mins read. August 2, 2024 at 12:36 PM

NBCC Arm Gets Two Construction Projects Worth Rs 443.61 Cr
4 mins read. August 2, 2024 at 12:33 PM
Download app
Access BlinkX
everywhere
across device
