The RBI notifications on highlights that these penalties are levied on Hewlett Packard Financial Services (India), SMFG India Credit Company, and Muthoot Vehicle & Asset Finance
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Icra says that key challenges for meeting growth expectations, however, would be in accessing the required debt funding over and above the refinancing of existing debt
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There is a growing discussion on need to monitor the end-use of funds by NBFC, says CareEdge Ratings
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