SOURCE OF INFORMATION : RESERVE BANK OF INDIA WEBSITE & NEWSPAPERS
PERIOD COVERED : 01-AUG-1996 TO 28-MAY-2026

NBFC: IMPOSED PENALTY

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S.No.	ENTITY	PERSONS	REGULATORY CHARGES	REGULATORY ACTION(S) / DATE OF ORDER	FURTHER DEVELOPMENTS
21	MUTHOOT VEHICLE & ASSET FINANCE LTD.		DID NOT MAKE DISCLOSURE OF INFORMATION ON LIQUIDITY COVERAGE RATIO ON ITS WEBSITE DID NOT SUBMIT DATA WITH RESPECT TO ITS GOLD LOAN CUSTOMERS TO FOUR CREDIT INFORMATION COMPANIES DID NOT CONVEY IN WRITING THE AMOUNT OF LOAN SANCTIONED ALONG WITH TERMS AND CONDITIONS IN VERNACULAR LANGUAGE AS UNDERSTOOD BY VEHICLE LOAN BORROWERS BY MEANS OF A SANCTION LETTER OR OTHERWISE	IMPOSED PENALTY RS.7,90,000 FROM 11-SEP-2024 11-SEP-2024
22	MUTHOOTTU MINI FINANCIERS PVT.LTD.		DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ON LOAN TO VALUE (LTV) RATIO PERTAINING TO GOLD LOANS DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ON ISSUANCE AND RENEWAL OF NON-CONVERTIBLE DEBENTURES (NCDS) AND LOAN AGAINST NCDS DID NOT ADHERE TO FAIR PRACTICES CODE (FPC) AND DISCLOSURES IN THE BALANCE SHEET ETC.	IMPOSED PENALTY RS.5,00,000 FROM 24-JUL-2015 24-JUL-2015
23	MYND SOLUTIONS PVT.LTD.		DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON TRADE RECEIVABLES DISCOUNTING SYSTEM (TREDS)	IMPOSED PENALTY RS.13,90,000 FROM 29-DEC-2022 29-DEC-2022
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.
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