RBI imposes ₹5.8-lakh penalty on Shriram Finance for KYC and credit data breaches

RBI clarified that the penalty was imposed due to regulatory deficiencies and did not impact the validity of the company’s transactions with its customers. Shares of Shriram Finance Ltd ended at ₹539.05, down by ₹9.20, or 1.68%, on the BSE.

RBI imposes ₹5.8-lakh penalty on Shriram Finance for KYC and credit data breaches
RBI clarified that the penalty was imposed due to regulatory deficiencies and did not impact the validity of the company’s transactions with its customers. Shares of Shriram Finance Ltd ended at ₹539.05, down by ₹9.20, or 1.68%, on the BSE.

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