Reserve Bank of India (RBI) imposes ₹2.70 lakh penalty on Manappuram Finance

Exam-focused facts from the 18 March 2026 current affairs briefing.

Key facts

The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹2.70 lakh on Manappuram Finance.
The penalty was levied for non-compliance with RBI guidelines regarding the compensation of Key Managerial Personnel (KMP).
The company violated norms by paying the entire variable pay upfront to certain KMPs without deferring a portion of the compensation as required.
The action followed a statutory inspection conducted by the RBI regarding the financial position of the company as of 31 March 2025.