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

NBFC: IMPOSED PENALTY

A

B

C

D

E

F

G

H

I

J

K

L

M

N

O

P

Q

R

S

T

U

V

W

X

Y

Z

ALL

S.No.	ENTITY	PERSONS	REGULATORY CHARGES	REGULATORY ACTION(S) / DATE OF ORDER	FURTHER DEVELOPMENTS
41	HEWLETT PACKARD FINANCIAL SERVICES (INDIA) PVT.LTD.		DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON CARRYING OUT PERIODIC UPDATION OF “KNOW YOUR CLIENTS” OF CUSTOMERS AS PER RISK CATEGORISATION OF CUSTOMERS AND/OR ACCOUNTS DID NOT MAKE DISCLOSURE TO RETAIL BORROWERS, GRADATION OF RISK AND RATIONALE FOR CHARGING DIFFERENT INTEREST RATES TO DIFFERENT CATEGORIES OF BORROWERS IN LOAN APPLICATION FORM/SANCTION LETTER DID NOT FORM IT STRATEGY COMMITTEE AND IT STEERING COMMITTEE	IMPOSED PENALTY RS.10,40,000 FROM 03-SEP-2024 03-SEP-2024
42	HEWLETT-PACKARD FINANCIAL SERVICES (INDIA) PVT.LTD.		DID NOT ADHERE TO RBI DIRECTIVES/INSTRUCTIONS/GUIDELINES ON MEMBERSHIP OF CREDIT INFORMATION COMPANIES (CICS) 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 DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY RBI ON DATA FORMAT FOR FURNISHING OF CREDIT INFORMATION TO CREDIT INFORMATION COMPANIES AND OTHER REGULATORY MEASURES	IMPOSED PENALTY RS.6,00,000 FROM 03-AUG-2021 03-AUG-2021
43	HINDUJA HOUSING 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.1,80,000 FROM 27-APR-2026 27-APR-2026
44	HINDUJA LEYLAND FINANCE LTD.		DID NOT UNDERTAKE ONGOING CUSTOMER DUE DILIGENCE AND PUT INTO USE ROBUST SOFTWARE FOR GENERATING ALERTS WHEN TRANSACTIONS WERE INCONSISTENT WITH CUSTOMER PROFILE DID NOT PUT IN PLACE ANY IT SYSTEM/SOFTWARE FOR EFFECTIVE IDENTIFICATION AND REPORTING OF SUSPICIOUS TRANSACTIONS	IMPOSED PENALTY RS.4,90,000 FROM 08-AUG-2024 08-AUG-2024
45	HINDUJA LEYLAND FINANCE LTD.		DID NOT ADHERE TO PROVISIONS OF RBI ACT, 1934	IMPOSED PENALTY RS.5,00,000 FROM 11-APR-2017 11-APR-2017
46	IGH HOLDINGS PVT.LTD.		DID NOT PAY SURPLUS AMOUNT REALISED FROM THE AUCTION OF PLEDGED GOLD ARTICLES, OVER AND ABOVE THE LOAN OUTSTANDING, TO CERTAIN BORROWERS DID NOT OBTAIN MEMBERSHIP OF CREDIT INFORMATION COMPANIES (CICS) DID NOT OBTAIN MEMBERSHIP OF THREE OUT OF FOUR CREDIT INFORMATION COMPANIES (CICS)	IMPOSED PENALTY RS.11,25,000 FROM 15-MAR-2023 15-MAR-2023
47	IIFL FINANCE LTD.		DID NOT PAY SURPLUS AMOUNT REALISED FROM THE AUCTION OF PLEDGED GOLD ARTICLES, OVER AND ABOVE THE LOAN OUTSTANDING, TO CERTAIN BORROWERS	IMPOSED PENALTY RS.3,10,000 FROM 11-MAY-2026 11-MAY-2026
48	IIFL FINANCE LTD.		DID NOT CLASSIFY CERTAIN ACCOUNTS AS NPA ON RESTRUCTURING	IMPOSED PENALTY RS.5,30,000 FROM 06-FEB-2026 06-FEB-2026
49	IIFL SAMASTA FINANCE LTD.		CHARGED INTEREST ON LOANS FOR THE PERIOD PRIOR TO DATE OF ACTUAL DISBURSEMENT OF LOAN/ISSUANCE OF CHEQUE TO CERTAIN BORROWERS IN CONTRAVENTION OF RBI DIRECTIONS ON ‘FAIR PRACTICES CODE’ DID NOT CLASSIFY CERTAIN GOLD LOAN ACCOUNTS WITH OVERDUES OF MORE THAN NINETY DAYS AS NON-PERFORMING ASSETS (NPAS) CLASSIFIED CERTAIN LOAN ACCOUNTS WHICH WERE NPA AS ‘STANDARD ASSET’ WITHOUT REALISATION OF ENTIRE ARREARS OF INTEREST AND PRINCIPAL AMOUNT DUE DID NOT ASSIGN UNIQUE CUSTOMER IDENTIFICATION CODE (UCIC) TO ITS CUSTOMERS	IMPOSED PENALTY RS.33,10,000 FROM 24-FEB-2025 24-FEB-2025
50	INDIA HOME LOAN LTD.		SANCTIONED LOANS BEYOND PRESCRIBED LOAN TO VALUE (LTV) RATIO	IMPOSED PENALTY RS.1,00,000 FROM 03-JUN-2024 03-JUN-2024
51	INDIABULLS COMMERCIAL CREDIT 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.12,35,000 FROM 07-SEP-2022 07-SEP-2022
52	INDIAN SCHOOL FINANCE CO.PVT.LTD.		OUTSOURCED ONE OF ITS CORE MANAGEMENT FUNCTIONS (INTERNAL AUDIT TO EXTERNAL AUDITOR)	IMPOSED PENALTY RS.50,000 FROM 03-JAN-2025 03-JAN-2025
53	INDOSTAR CAPITAL 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 ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON CARRYING OUT PERIODIC UPDATION OF “KNOW YOUR CLIENTS” OF CUSTOMERS AS PER RISK CATEGORISATION OF CUSTOMERS AND/OR ACCOUNTS DELAY IN REPORTING OF FRAUDS TO RBI AND/OR NABARD	IMPOSED PENALTY RS.13,60,000 FROM 21-FEB-2024 21-FEB-2024
54	INNOFIN SOLUTIONS PVT.LTD.		DID NOT MAKE DISCLOSURE OF REQUIRED PERSONAL DETAILS INCLUDING CREDIT ASSESSMENT AND RISK PROFILE OF BORROWERS TO PROSPECTIVE LENDERS DISBURSED LOANS WITHOUT SPECIFIC APPROVAL OF INDIVIDUAL LENDERS ROUTED AMOUNTS DISBURSED AND COLLECTED IN LOAN ACCOUNTS IN P2P PLATFORM THROUGH ‘CO-LENDING ESCROW ACCOUNT’ IN VIOLATION OF ‘FUND TRANSFER MECHANISM’ ALLOWED REPAYMENTS IN MERCHANT FINANCE LOANS TO BE ROUTED THROUGH NODAL ACCOUNT OF A THIRD PARTY WHICH WAS ACTING AS A LENDING SERVICE PROVIDER FOR THE COMPANY	IMPOSED PENALTY RS.1,99,50,000 FROM 21-AUG-2024 21-AUG-2024
55	JM FINANCIAL PRODUCTS LTD.		DID NOT MAKE DISCLOSURE OF MATERIAL RELATED PARTY TRANSACTION IN ITS ANNUAL REPORT	IMPOSED PENALTY RS.3,10,000 FROM 03-MAR-2025 03-MAR-2025
56	JUMBO FINVEST (INDIA) LTD.		DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY RBI BY CHANGING ITS MANAGEMENT WITHOUT PRIOR APPROVAL OF RESERVE BANK OF INDIA 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.25,50,000 FROM 03-MAY-2021 03-MAY-2021
57	JUPITER CAPITAL PVT.LTD.		DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY RBI VIDE NON-BANKING FINANCIAL COMPANY-RETURNS (RESERVE BANK) DIRECTIVES/INSTRUCTIONS/GUIDELINES, 2016 DID NOT ADHERE TO RBI DIRECTIVES/INSTRUCTIONS/GUIDELINES ON MEMBERSHIP OF CREDIT INFORMATION COMPANIES (CICS)	IMPOSED PENALTY RS.81,92,000 FROM 03-AUG-2022 03-AUG-2022
58	KEERTANA FINSERV 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.3,10,000 FROM 02-DEC-2025 02-DEC-2025
59	KHUSH HOUSING FINANCE PVT.LTD.		DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON CARRYING OUT PERIODIC UPDATION OF “KNOW YOUR CLIENTS” OF CUSTOMERS AS PER RISK CATEGORISATION OF CUSTOMERS AND/OR ACCOUNTS	IMPOSED PENALTY RS.16,000 FROM 19-MAY-2025 19-MAY-2025
60	KKR INDIA FINANCIAL SERVICES 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
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.
First Previous 1 2 3 4 5 6 7 8 Next Last
Page 3 of 8