 "RBI, Reserve Bank of India")
The Reserve Bank of India (RBI) on Friday imposed a monetary penalty of ₹2.70 lakh on Shriram Finance and ₹4.88 lakh on HDFC Bank for violations of regulatory norms.
HDFC Bank was fined for violating norms on foreign investment in India while granting a term loan to its client.
Shriram Finance was penalised for violating certain provisions of digital lending norms following a statutory inspection with reference to its financial position as of 31 March 2024.
“The company routed the loan repayments through the account of a third party, instead of the borrowers directly crediting the loan repayments to the company’s account,” RBI said in its statement regarding Shriram Finance.
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 "MSME credit target FY26, MSME loans public sector banks, PSB MSME lending growth, Finance Ministry MSME focus, India MSME sector credit, SBI MSME loan target 2025, PNB MSME lending growth, MSME credit outstanding FY25, MSME loan YTD growth 2025, GNPA")
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 "RBI, Reserve Bank of India")
 "Sanjay Malhotra")
