|
S.No.
|
ENTITY |
PERSONS |
REGULATORY CHARGES
|
REGULATORY ACTION(S) / DATE OF ORDER
|
FURTHER DEVELOPMENTS
|
|
121
|
|
SHRIRAM CITY UNION FINANCE LTD.
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY RBI ON VERIFICATION OF OWNERSHIP OF GOLD JEWELLERY CONTAINED IN NBFC RESERVE BANK OF INDA DIRECTIVES/INSTRUCTIONS/GUIDELINES, 2016
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 REPORTING OF FRAUDS CONTAINED IN MONITORING OF FRAUDS IN NBFCS RESERVE BANK OF INDA DIRECTIVES/INSTRUCTIONS/GUIDELINES, 2016
|
IMPOSED PENALTY RS.5,00,000 FROM 23-SEP-2020
23-SEP-2020
|
|
|
122
|
|
|
SHRIRAM CITY UNION FINANCE LTD.
|
|
|
DID NOT ADHERE TO PROVISIONS OF RBI ACT, 1934
|
IMPOSED PENALTY RS.20,00,000 FROM 11-APR-2017
11-APR-2017
|
|
|
123
|
|
|
SHRIRAM FINANCE LTD.
|
|
|
ROUTED LOAN REPAYMENTS THROUGH ACCOUNT OF A THIRD-PARTY INSTEAD OF BORROWERS DIRECTLY CREDITING LOAN REPAYMENTS TO THE COMPANY’S ACCOUNT
|
IMPOSED PENALTY RS.2,70,000 FROM 08-JUL-2025
08-JUL-2025
|
|
|
124
|
|
|
SHRIRAM FINANCE 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 ENSURE THAT ITS AGREEMENTS WITH CERTAIN DIRECT SALES AGENTS HAD A CLAUSE REGARDING RBI’S RIGHT TO INSPECT BOOKS AND ACCOUNTS OF SERVICE PROVIDERS
DID NOT SHARE INFORMATION ABOUT RELATIONSHIP SEGMENT OF CORPORATES TO CREDIT INFORMATION COMPANIES
|
IMPOSED PENALTY RS.5,80,000 FROM 10-FEB-2025
10-FEB-2025
|
|
|
125
|
|
|
SMFG INDIA CREDIT CO.LTD.
|
|
|
DID NOT ENSURE THAT CONTRACT BETWEEN COMPANY AND OUTSOURCED VENDORS CONTAINED PROVISION WITH RESPECT TO MONITORING AND OVERSIGHT
DID NOT CONDUCT IS AUDIT FOR NETWORK AND SECURITY SOLUTIONS SINCE ITS INCEPTION
DID NOT ENSURE ADEQUATE STORAGE/RETENTION OF AUDIT LOGS OF EMAIL GATEWAY AND ANALYSE OR TAKE ACTION ON A CRITICAL ALERT GENERATED FROM ENDPOINT DETECTION & RESPONSE SOLUTION FOR MALWARE DETECTION FROM INFECTED SERVER
|
IMPOSED PENALTY RS.23,10,000 FROM 04-SEP-2024
04-SEP-2024
|
|
|
126
|
|
|
SONATA FINANCE PVT.LTD.
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY RBI BY CHANGING ITS MANAGEMENT WITHOUT PRIOR APPROVAL OF RESERVE BANK OF INDIA
|
IMPOSED PENALTY RS.15,00,000 FROM 23-MAR-2021
23-MAR-2021
|
|
|
127
|
|
|
SPANDANA SPHOORTY FINANCIAL LTD.
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY RBI BY CHANGING ITS MANAGEMENT WITHOUT PRIOR APPROVAL OF RESERVE BANK OF INDIA
|
IMPOSED PENALTY RS.2,33,00,000 FROM 05-AUG-2022
05-AUG-2022
|
|
|
128
|
|
|
SRESTHA FINVEST LTD.
|
|
|
DID NOT OBTAIN PRIOR APPROVAL OF RBI FOR APPOINTMENT OF DIRECTORS
|
IMPOSED PENALTY RS.2,00,000 FROM 18-MAY-2023
18-MAY-2023
|
|
|
129
|
|
|
SUNDARAM HOME FINANCE 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.1,50,000 FROM 09-MAY-2024
09-MAY-2024
|
|
|
130
|
|
|
SWAGATAM MARKETING PVT.LTD.
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY RBI ON DISCLOSURE OF ANNUALIZED RATE OF INTEREST CHARGED ON LOANS TO THE BORROWERS AT THE TIME OF SANCTION AND DID NOT GIVE NOTICE OF CHANGE IN TERMS AND CONDITIONS OF LOAN TO BORROWERS WHEN IT CHARGED HIGHER RATE OF INTEREST THAN WHAT WAS COMMUNICATED AT THE TIME OF SANCTION
|
IMPOSED PENALTY RS.1,00,000 FROM 16-AUG-2022
16-AUG-2022
|
|
|
131
|
|
|
TOYOTA FINANCIAL SERVICES INDIA LTD.
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON MONITORING OF FRAUDS IN NBFCS
|
IMPOSED PENALTY RS.5,00,000 FROM 09-OCT-2019
09-OCT-2019
|
|
|
132
|
|
|
TRANSACTREE TECHNOLOGIES PVT.LTD.
|
|
|
ROUTED AMOUNTS DISBURSED AND COLLECTED IN LOAN ACCOUNTS IN P2P PLATFORM THROUGH ‘CO-LENDING ESCROW ACCOUNT’ IN VIOLATION OF ‘FUND TRANSFER MECHANISM’
DID NOT UNDERTAKE AND DISCLOSE CREDIT ASSESSMENT AND RISK PROFILE OF BORROWERS TO PROSPECTIVE LENDERS
DISBURSED LOANS TO INDIVIDUAL BORROWERS WITHOUT SPECIFIC APPROVAL OF INDIVIDUAL LENDERS
|
IMPOSED PENALTY RS.40,00,000 FROM 23-MAY-2025
23-MAY-2025
|
|
|
133
|
|
|
UCA FINVEST PVT.LTD.
|
|
|
VIOLATED SPECIFIC CONDITIONS OF THE CERTIFICATE OF REGISTRATION (ACCEPTED PUBLIC FUNDS AND CUSTOMER INTERFACE, WHEN SANCTIONING ITS LOANS AND ADVANCES)
|
IMPOSED PENALTY RS.4,10,000 FROM 27-MAR-2025
27-MAR-2025
|
|
|
134
|
|
|
UNIMONI FINANCIAL SERVICES LTD.
|
|
|
DID NOT ADHERE TO CERTAIN DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY RBI ON ISSUANCE AND OPERATION OF PPIS IN INDIA
|
IMPOSED PENALTY RS.29,79,000 FROM 12-MAY-2022
12-MAY-2022
|
|
|
135
|
|
|
VALUECORP SECURITIES & FINANCE LTD.
|
|
|
DID NOT SUBMIT DATA TO ANY OF THE FOUR CREDIT INFORMATION COMPANIES (AT MONTHLY AND/OR SHORTLY INTERVALS)
TRANSFERRED LOAN EXPOSURE TO OTHER THAN A PERMITTED ENTITY
DID NOT ASSIGN UNIQUE CUSTOMER IDENTIFICATION CODE (UCIC) TO ITS CUSTOMERS
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.2,40,000 FROM 23-DEC-2025
23-DEC-2025
|
|
|
136
|
|
|
VANCHINAD FINANCE PVT.LTD.
|
|
|
DECLARED DIVIDEND IN EXCESS OF PRESCRIBED DIVIDEND PAYOUT RATIO
|
IMPOSED PENALTY RS.1,00,000 FROM 03-MAR-2025
03-MAR-2025
|
|
|
137
|
|
|
VEDVYAS 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.30,000 FROM 16-MAR-2026
16-MAR-2026
|
|
|
138
|
|
|
VILLAGE FINANCIAL SERVICES PVT.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.5,00,000 FROM 11-AUG-2021
11-AUG-2021
|
|
|
139
|
|
|
VINAYAKA CAPSEC PVT.LTD.
|
|
|
DID NOT TAKE PRIOR WRITTEN PERMISSION OF RBI FOR CHANGE IN SHAREHOLDING MORE THAN 26% OF PAID-UP EQUITY CAPITAL
|
IMPOSED PENALTY RS.1,00,000 FROM 04-FEB-2026
04-FEB-2026
|
|
|
140
|
|
|
VISIONARY FINANCEPEER PVT.LTD.
|
|
|
DISBURSED LOANS TO INDIVIDUAL BORROWERS WITHOUT SPECIFIC APPROVAL OF INDIVIDUAL LENDERS
DID NOT ENSURE THAT EACH INDIVIDUAL LENDER AND BORROWER HAD SIGNED A LOAN AGREEMENT
DID NOT MAKE DISCLOSURE OF REQUIRED DETAILS OF THE BORROWERS TO THE LENDERS
DID NOT HAVE BOARD APPROVED POLICY FOR PRICING OF SERVICES PROVIDED
DID NOT ENSURE THAT ITS AGREEMENTS WITH SERVICE PROVIDERS INCLUDED CLAUSES TO RECOGNIZE THE RIGHT OF RBI TO CAUSE INSPECTION TO BE MADE OF THE SERVICE PROVIDERS AND UNDERTAKE ANNUAL REVIEW OF THE SERVICE PROVIDERS
TOOK PARTIAL CREDIT RISK BY FOREGOING SERVICE FEE PARTIALLY/FULLY WHICH WAS NOT PROVIDED UNDER THE SCOPE OF ACTIVITIES FOR NBFC-P2P COMPANIES
|
IMPOSED PENALTY RS.16,60,000 FROM 25-FEB-2025
25-FEB-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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