About this document
Rbi Panalty by bharatnaruka26 is a document available to read on EtoBox.
The Reserve Bank of India has imposed a monetary penalty of ₹40 lakh on Transactree Technologies Private Limited (Lendbox) for non-compliance with the Non-Banking Financial Company - Peer to Peer Lending Platform Directions, 2017. The penalty follows a scrutiny conducted in September 2023, which revealed violations including improper fund transfer mechanisms and lack of disclosure regarding borrower credit assessments. This action is based on regulatory compliance deficiencies and does not affect the validi
- Author
- bharatnaruka26
- Language
- EN