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RBI fines Ola Financial Services ₹3.1 lakh for KYC non-compliance
Reserve Bank of India — Press ReleasesLO·IN·1 day ago
RBI imposed a ₹2.70 lakh penalty on KLM Axiva Finvest for breaching auction-procedure directions, based on a statutory inspection as of March 31, 2025. The penalty is minor and routine regulatory action, indicating no systemic issue. It signals continued supervisory scrutiny of non-bank lenders but has negligible market impact.