<h1>RBI Orders Muthoot Fincorp and Manappuram Finance to Stop Accepting Deposits via Unincorporated Associates, Citing Section 45-S Violation.</h1> The Reserve Bank of India (RBI) directed two Non-Banking Financial Companies (NBFCs) to cease allowing their premises for accepting public deposits through unincorporated associates. Muthoot Fincorp Ltd. and Manappuram Finance Ltd. were involved in such activities through Muthoot Estate Investment and Manappuram Agro Farms, respectively, violating section 45-S of the RBI Act, 1934. The RBI issued show cause notices and informed the public about these violations. Muthoot Fincorp's case was referred to the Kerala State Government for further action. Manappuram Finance took corrective steps, and funds were transferred to an escrow account for deposit repayment.