The Reserve Bank of India has imposed penalties on BNP Paribas and three other financial entities for non-compliance with regulatory norms. BNP Paribas was fined Rs 31.8 lakh for not adopting a uniform external benchmark within the same loan category. Hewlett Packard Financial Services, SMFG India Credit Company, and Muthoot Vehicle & Asset Finance also faced penalties. Read The Rest at :
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