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RBI imposed a ₹6.20 lakh penalty on Northern Arc for FY25 non-compliance, including reporting 938 customer complaints instead of 23,956 in financial statement notes and failing to auto-escalate 11,109 partly or wholly rejected complaints to the Internal Ombudsman. The company said corrective action has been taken.
Northern Arc Capital Sees Eight Roads Sell Entire 5.88% Stake
Northern Arc Capital's Augusta Investments II Sells 3,538,129 Shares
Northern Arc Capital Signs Strategic MoU with YES BANK for Credit Deployment