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RBI imposes Rs 25.5 lakh penalty on Jaipur-based Jumbo Finvest (India)

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The Reserve Bank of India (RBI) on Tuesday said it has imposed a penalty o fRs 25.5 lakh on Jumbo Finvest (India) Limited, Jaipur. The penalty has been imposed for non-compliance with certain provisions, including Know Your Customer (KYC) directions.The Reserve Bank of India (RBI) on Tuesday said it has imposed a penalty o fRs 25.5 lakh on Jumbo Finvest (India) Limited, Jaipur. The penalty has been imposed for non-compliance with certain provisions, including Know Your Customer (KYC) directions.

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