PRIMARYRBI Press Releases·24 Sept 2026negative

RBI imposes monetary penalty on Hero Fincorp Limited

AI Summary

·RBI imposed a penalty of ₹10 lakh on Hero Fincorp Limited.
·The penalty is for non-compliance with RBI's directions on 'Fair Practices Code for Lenders – Charging of Interest'.
·The RBI's inspection was based on the company's financial position as of March 31, 2025.