SOURCE OF INFORMATION : RESERVE BANK OF INDIA WEBSITE & NEWSPAPERS
PERIOD COVERED : 01-AUG-1996 TO 27-AUG-2025

NBFC: ALLOTTED MULTIPLE CUSTOMER IDENTIFICATION CODES TO SAME CUSTOMERS

A

B

C

D

E

F

G

H

I

J

K

L

M

N

O

P

Q

R

S

T

U

V

W

X

Y

Z

ALL

S.No.	ENTITY	PERSONS	REGULATORY CHARGES	REGULATORY ACTION(S) / DATE OF ORDER	FURTHER DEVELOPMENTS
1	MAHINDRA & MAHINDRA FINANCIAL SERVICES LTD.		DID NOT MAKE DISCLOSURE OF PROCESSING FEES AND OTHER CHARGES IN CERTAIN LOAN APPLICATION FORMS DID NOT FURNISH COPIES OF LOAN AGREEMENTS AND DID NOT CONVEY DETAILS OF LOANS IN SANCTION LETTERS TO CERTAIN BORROWERS DID NOT GIVE FINAL CHANCE TO CERTAIN BORROWERS TO REPAY LOANS BEFORE SALE/AUCTION OF VEHICLES ALLOTTED MULTIPLE CUSTOMER IDENTIFICATION CODES TO SAME CUSTOMERS	IMPOSED PENALTY RS.71,30,000 21-APR-2025
2	MANAPPURAM FINANCE LTD.		DID NOT UNDERTAKE VERIFICATION OF PAN OF CUSTOMERS FROM VERIFICATION FACILITY OF THE ISSUING AUTHORITY AT THE TIME OF CUSTOMER ACCEPTANCE ALLOTTED MULTIPLE CUSTOMER IDENTIFICATION CODES TO SAME CUSTOMERS	IMPOSED PENALTY RS.20,00,000 16-DEC-2024
3	MUTHOOT FINANCE LTD.		ALLOTTED MULTIPLE CUSTOMER IDENTIFICATION CODES TO SAME CUSTOMERS	IMPOSED PENALTY RS.1,90,000 15-JUL-2024
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.