|
S.No.
|
ENTITY |
PERSONS |
REGULATORY CHARGES
|
REGULATORY ACTION(S) / DATE OF ORDER
|
FURTHER DEVELOPMENTS
|
|
21
|
|
DATSON EXPORTS LTD.
|
|
|
OUTSOURCED ONE OF ITS DECISION-MAKING FUNCTIONS VIZ. SANCTION OF LOANS TO ITS DIGITAL LENDING APPLICATION (DLA) PARTNER
|
IMPOSED PENALTY RS.1,00,000 FROM 15-JAN-2025
15-JAN-2025
|
|
|
22
|
|
|
DHANI LOANS & SERVICES LTD.
|
|
|
DID NOT IDENTIFY BENEFICIAL OWNER IN RESPECT OF ENTITIES ONBOARDED BY IT TO PROVIDE PAYOUT SERVICES
DID NOT ASSIGN UNIQUE CUSTOMER IDENTIFICATION CODE (UCIC) TO ITS CUSTOMERS
|
IMPOSED PENALTY RS.20,00,000 FROM 14-SEP-2023
14-SEP-2023
|
|
|
23
|
|
|
DHANI LOANS & SERVICES LTD.
|
|
|
ALLOWED OPERATIONS AND DID NOT CLOSE SEVERAL ACCOUNTS OPEN USING OTP BASED E-KYC IN NON-FACE-TO-FACE MODE, EVEN AFTER EXPIRY OF ONE YEAR WITHOUT CONDUCTING CUSTOMER DUE DILIGENCE PROCEDURE
|
IMPOSED PENALTY RS.7,60,000 FROM 06-JUL-2022
06-JUL-2022
|
|
|
24
|
|
|
EARLY SALARY SERVICES PVT.LTD.
|
|
|
DID NOT PUT IN PLACE SYSTEM OF INTERNAL AUDIT OF ALL OUTSOURCED ACTIVITIES
|
IMPOSED PENALTY RS.3,20,000 FROM 15-SEP-2023
15-SEP-2023
|
|
|
25
|
|
|
ECL FINANCE LTD.
|
|
|
DID NOT PUT IN PLACE ANY IT SYSTEM/SOFTWARE FOR EFFECTIVE IDENTIFICATION AND REPORTING OF SUSPICIOUS TRANSACTIONS
|
IMPOSED PENALTY RS.4,90,000 FROM 04-DEC-2023
04-DEC-2023
|
|
|
26
|
|
|
EKO INDIA FINANCIAL SERVICES PVT.LTD.
|
|
|
DID NOT ADHERE TO INSTRUCTIONS OF RBI AND REPORTED WRONGLY
|
IMPOSED PENALTY RS.5,00,000 FROM 21-MAR-2017
21-MAR-2017
|
|
|
27
|
|
|
ESAF SMALL FINANCE BANK LTD.
|
|
|
ALLOWED BASIC SAVINGS BANK DEPOSIT (BSBD) ACCOUNT HOLDERS TO OPEN SAVINGS BANK DEPOSIT ACCOUNT
DID NOT CLOSE SAVINGS BANK DEPOSIT ACCOUNTS WITHIN THIRTY DAYS FROM THE DATE OF OPENING OF BASIC SAVINGS BANK DEPOSIT (BSBD) ACCOUNTS
|
IMPOSED PENALTY RS.29,55,000 FROM 05-JAN-2024
05-JAN-2024
|
|
|
28
|
|
|
EXCELLENT CO-OPERATIVE BANK LTD.
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON TRANSFER OF ELIGIBLE UNCLAIMED FUNDS TO DEPOSITOR EDUCATION AND AWARENESS FUND WITHIN PRESCRIBED PERIOD
|
IMPOSED PENALTY RS.1,00,000 FROM 07-MAR-2024
07-MAR-2024
|
|
|
29
|
|
|
EXCLUSIVE CAPITAL LTD.
|
|
|
BREACHED PERMISSIBLE LIMIT OF LEVERAGE RATIO
DELAY IN SUBMITTING CERTAIN SUPERVISORY RETURNS TO RBI AS PER PRESCRIBED FREQUENCY
DELAY IN FURNISHING ITS ACCOUNTS AND BALANCE SHEET TO RBI/ NABARD
|
IMPOSED PENALTY RS.10,30,000 FROM 27-MAR-2026
27-MAR-2026
|
|
|
30
|
|
|
FAIRASSETS TECHNOLOGIES INDIA PVT.LTD.
|
|
|
DISBURSED LOANS TO INDIVIDUAL BORROWERS WITHOUT SPECIFIC APPROVAL OF INDIVIDUAL LENDERS
TOOK PARTIAL CREDIT RISK BY FOREGOING SERVICE FEE PARTIALLY/FULLY WHICH WAS NOT PROVIDED UNDER THE SCOPE OF ACTIVITIES FOR NBFC-P2P COMPANIES
DID NOT UNDERTAKE AND DISCLOSE CREDIT ASSESSMENT AND RISK PROFILE OF BORROWERS TO PROSPECTIVE LENDERS
DID NOT ADHERE TO RBI’S DIRECTIONS ON ‘FUND TRANSFER MECHANISM’, WHEN IT ALLOWED REPAYMENTS TO LENDERS FROM FRESH FUNDS PROVIDED BY NEW/ EXISTING LENDERS OR THROUGH REPAYMENTS POOLED FROM BORROWERS RATHER THAN FROM A SPECIFIC BORROWER TO A SPECIFIC LENDER
|
IMPOSED PENALTY RS.40,00,000 FROM 11-FEB-2025
11-FEB-2025
|
|
|
31
|
|
|
FEDBANK FINANCIAL SERVICES LTD.
|
|
|
DELAY IN REPORTING OF FRAUDS TO RBI AND/OR NABARD
|
IMPOSED PENALTY RS.8,80,000 FROM 20-SEP-2023
20-SEP-2023
|
|
|
32
|
|
|
FEDBANK FINANCIAL SERVICES LTD.
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON MONITORING OF FRAUDS IN NBFCS
|
IMPOSED PENALTY RS.15,00,000 FROM 22-MAR-2021
22-MAR-2021
|
|
|
33
|
|
|
FINQUEST FINANCIAL SOLUTIONS PVT.LTD.
|
|
|
DID NOT DO RISK CATEGORISATION OF ITS CUSTOMERS
DID NOT MAKE GOOD SHORTFALL IN LTV RATIO OF 50% FOR LOANS GRANTED AGAINST COLLATERAL WITHIN SEVEN WORKING DAYS
DID NOT SUBMIT DATA TO ANY OF THE FOUR CREDIT INFORMATION COMPANIES (AT MONTHLY AND/OR SHORTLY INTERVALS)
|
IMPOSED PENALTY RS.1,20,000 FROM 15-SEP-2023
15-SEP-2023
|
|
|
34
|
|
|
FORTUNE INTEGRATED ASSETS FINANCE LTD.
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON MONITORING OF FRAUDS IN NBFCS
|
IMPOSED PENALTY RS.2,00,000 FROM 31-JAN-2020
31-JAN-2020
|
|
|
35
|
|
|
GLOWMORE FINANCE PVT.LTD.
|
|
|
DID NOT OBTAIN PRIOR WRITTEN PERMISSION OF RBI FOR CHANGE IN MANAGEMENT RESULTING IN CHANGE IN MORE THAN 30% OF THE DIRECTORS, EXCLUDING INDEPENDENT DIRECTORS
|
IMPOSED PENALTY RS.4,00,000 FROM 13-NOV-2025
13-NOV-2025
|
|
|
36
|
|
|
GOCAPITAL FINANCE LTD.
|
|
|
DID NOT OBTAIN PRIOR WRITTEN PERMISSION OF RBI FOR CHANGE IN MANAGEMENT RESULTING IN CHANGE IN MORE THAN 30% OF THE DIRECTORS, EXCLUDING INDEPENDENT DIRECTORS
|
IMPOSED PENALTY RS.1,00,000 FROM 07-OCT-2024
07-OCT-2024
|
|
|
37
|
|
|
GPT SONS PVT.LTD.
|
|
|
DID NOT TRANSFER 20% OF ITS NET PROFIT TO STATUTORY RESERVE
|
IMPOSED PENALTY RS.25,000 FROM 14-NOV-2024
14-NOV-2024
|
|
|
38
|
|
|
GREWAL BROTHERS FINANCE CO.PVT.LTD.
|
|
|
DID NOT OBTAIN PRIOR WRITTEN PERMISSION OF RBI FOR CHANGE IN MANAGEMENT RESULTING IN CHANGE IN MORE THAN 30% OF THE DIRECTORS, EXCLUDING INDEPENDENT DIRECTORS
|
IMPOSED PENALTY RS.50,000 FROM 09-MAY-2025
09-MAY-2025
|
|
|
39
|
|
|
HDB FINANCIAL SERVICES LTD.
|
|
|
DID NOT OBTAIN PERMANENT ACCOUNT NUMBER OR EQUIVALENT E-DOCUMENT THEREOF OR FORM NO.60 IN CERTAIN LOAN ACCOUNTS
|
IMPOSED PENALTY RS.4,20,000 FROM 01-OCT-2025
01-OCT-2025
|
|
|
40
|
|
|
HERO FINCORP LTD.
|
|
|
DID NOT CONVEY TERMS & CONDITIONS OF LOANS IN WRITING TO BORROWERS IN VERNACULAR LANGUAGE UNDERSTOOD BY THEM
|
IMPOSED PENALTY RS.3,10,000 FROM 22-MAY-2024
22-MAY-2024
|
|
|
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.
|
|
|
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