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IIFL Samasta Faces RBI Penalty for Regulatory Non-Compliance

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IIFL Samasta Faces RBI Penalty for Regulatory Non-Compliance

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IIFL Finance Limited ( (IN:IIFL) ) has issued an announcement.

The Reserve Bank of India has imposed a monetary penalty of ₹33.10 lakh on IIFL Samasta Finance Limited, a subsidiary of IIFL Finance Limited, for non-compliance with certain regulatory provisions. Despite the penalty, IIFL Samasta has taken corrective measures to align with the RBI’s regulations, indicating a proactive approach to regulatory compliance.

More about IIFL Finance Limited

IIFL Finance Limited operates in the financial services industry, focusing on non-banking financial services. It offers a range of products including loans, wealth management, and financial advisory services, with a market focus on both retail and corporate clients.

YTD Price Performance: -27.78%

Average Trading Volume: 85,189

Current Market Cap: 134.5B INR

See more data about IIFL stock on TipRanks’ Stock Analysis page.

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