RBI imposes monetary penalty on Muthoot Finance Limited
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Summary
The Reserve Bank of India (RBI) has, by an order dated July 10, 2026, imposed a monetary penalty of ₹5.80 lakh (Rupees Five Lakh Eighty Thousand only) on Muthoot Finance Limited (the company) for non-compliance with certain provisions of ‘Reserve Bank of India Know Your Customer (KYC) Directions’. This penalty has been imposed in exercise of powers conferred on RBI under section 58G(1)(b) read with section 58B(5)(aa) of the Reserve Bank of India Act, 1934. The statutory inspect