India, March 28 -- The Reserve Bank of India (RBI) has, by an order dated March 26, 2025, imposed a monetary penalty of Rs. 3.20 lakh (Rupees Three Lakh Twenty Thousand only) on Mahindra Rural Housing Finance Limited (the company) for non-compliance with certain provisions of the 'Reserve Bank of lndia (Know Your Customer (KYC)) Directions, 2016' and 'Non-Banking Financial Company - Housing Finance Company (Reserve Bank) Directions, 2021' issued by RBI. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 52A of the National Housing Bank Act, 1987.The statutory inspection of the company was conducted by the National Housing Bank with reference to its financial position as on March 31, 2023. Ba...