Regulatory Alerts2026-08-14
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RBI imposes monetary penalty on Muthoot MCred Limited
The Reserve Bank of India imposes a monetary penalty of ₹3.10 lakh on Muthoot MCred Limited for non-compliance with directions on Asset Classification. The penalty is sustained because the company upgraded certain loan accounts from non-performing assets to standard status without full repayment of arrears of interest and principal. This action is based on deficiencies in regulatory compliance and is without prejudice to any other action that may be initiated by the RBI against the company.
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