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"lt-finance"
RBI penalizes L&T Finance with Rs 2.5 crore fine for non-compliance
The penalty has been levied by the RBI under the relevant sections of the Reserve Bank of India Act, 1934
RBI imposes Rs 2.5 crore penalty on L&T Finance
The RBI also said penalty is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the company with its customers.
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