Mahindra finance
Action against Mahindra & Mahindra Financial Services Ltd., under Section 45L(1)(b) of the Reserve Bank of India Act, 1934
RBI Says - immediately cease carrying out any recovery or repossession activity through outsourcing arrangements, till further orders.
This action is based on certain material supervisory concerns observed in the said NBFC, with regard to the management of its outsourcing activities.
This action is based on certain material supervisory concerns observed in the said NBFC, with regard to the management of its outsourcing activities.