RBI imposes ₹20-lakh penalty on Manappuram Finance for KYC non-compliance

The lapses included failure to verify the PAN of customers through the issuing authority’s verification facility at the time of customer acceptance. Shares of Manappuram Finance Ltd ended at ₹181.20, down by ₹2.45, or 1.33%, on the BSE.

RBI imposes ₹20-lakh penalty on Manappuram Finance for KYC non-compliance
The lapses included failure to verify the PAN of customers through the issuing authority’s verification facility at the time of customer acceptance. Shares of Manappuram Finance Ltd ended at ₹181.20, down by ₹2.45, or 1.33%, on the BSE.

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