SOURCE OF INFORMATION : RESERVE BANK OF INDIA WEBSITE & NEWSPAPERS
PERIOD COVERED : 01-AUG-1996 TO 27-AUG-2026

NBFC: IMPOSED PENALTY

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S.No.	ENTITY	PERSONS	REGULATORY CHARGES	REGULATORY ACTION(S) / DATE OF ORDER	FURTHER DEVELOPMENTS
21	DAIMLER FINANCIAL SERVICES INDIA PVT.LTD.		DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON MONITORING OF FRAUDS IN NBFCS	IMPOSED PENALTY RS.5,00,000 FROM 05-MAY-2022 05-MAY-2022
22	DAIMLER FINANCIAL SERVICES INDIA PVT.LTD.		DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY RBI BY CHANGING ITS MANAGEMENT WITHOUT PRIOR APPROVAL OF RESERVE BANK OF INDIA DID NOT ADHERE TO RBI COMMERCIAL PAPER DIRECTIVES/INSTRUCTIONS/GUIDELINES, 2017	IMPOSED PENALTY RS.10,00,000 FROM 19-MAY-2021 19-MAY-2021
23	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
24	DHANI LOANS & SERVICES LTD.		DID NOT CORRECTLY CLASSIFY CERTAIN BORROWERS AS NON-PERFORMING ASSETS (NPAS)	IMPOSED PENALTY RS.2,70,000 FROM 15-JUL-2026 15-JUL-2026
25	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
26	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
27	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
28	ECL FINANCE LTD.		DID NOT PUT IN PLACE ROBUST SOFTWARE FOR EFFECTIVE IDENTIFICATION AND REPORTING OF SUSPICIOUS TRANSACTIONS	IMPOSED PENALTY RS.4,90,000 FROM 04-DEC-2023 04-DEC-2023
29	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
30	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
31	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
32	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
33	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
34	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
35	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
36	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
37	FIVE STAR BUSINESS FINANCE LTD.		DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON ROBUST SOFTWARE TO THROW ALERTS AS PART OF EFFECTIVE IDENTIFICATION OF ACCOUNTS, MONITORING AND/OR REPORTING OF SUSPICIOUS TRANSACTIONS DID NOT MAKE DISCLOSURE OF THE APPROACH FOR GRADATION OF RISK AND RATIONALE FOR CHARGING DIFFERENT RATE OF INTEREST TO DIFFERENT CATEGORIES OF BORROWERS IN THE APPLICATION FORMS AND SANCTION LETTERS	IMPOSED PENALTY RS.6,20,000 FROM 18-JUN-2026 18-JUN-2026
38	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
39	FUSION FINANCE LTD.		DID NOT PUT IN PLACE A SYSTEM OF RISK CATEGORISATION OF ACCOUNTS	IMPOSED PENALTY RS.2,70,000 FROM 14-AUG-2026 14-AUG-2026
40	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
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.
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