BNP Paribas Bank: The Reserve Bank of India (RBI) has taken action against 4 companies including BNP Paribas on different charges. RBI has imposed a fine of Rs 31.8 lakh on BNP Paribas Bank. Apart from this, Hewlett Packard Financial Services, India, SMFG India Credit Company and Muthoot Vehicle & Asset Finance have also come under the purview of RBI’s action. All of them were accused of violating several RBI guidelines. Rules regarding interest rates on advances were not followed RBI said on Friday that BNP Paribas Bank was not…
Read MoreRBI imposes penalty on BNP Paribas and 3 other companies for compliance issues says a report
