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RBI Slaps Penalty On Hero Fincorp For Excess Interest, Fines Ola Arm For KYC Breaches
RBI is in focus.
24 Sept 2026 · NDTV Profit
Hero Fincorp Ltd.collected excess interest from certain loan accounts while Ola Financial Services failed to carry out risk categorisation of certain customers, as per RBI.
Why it matters
- With RBI involved, this carries a regulatory dimension that can outlast the immediate market reaction.
Market context
- The immediate tone of coverage reads negative.