|
S.No.
|
ENTITY |
PERSONS |
REGULATORY CHARGES
|
REGULATORY ACTION(S) / DATE OF ORDER
|
FURTHER DEVELOPMENTS
|
|
121
|
|
PROGFIN PVT.LTD.
|
|
|
DID NOT PUT IN PLACE A SYSTEM OF RISK CATEGORISATION OF ACCOUNTS
|
IMPOSED PENALTY RS.2,70,000 FROM 19-AUG-2026
19-AUG-2026
|
|
|
122
|
|
|
PURAN ASSOCIATES PVT.LTD.
|
|
|
DID NOT CLASSIFY CERTAIN ACCOUNTS AS NPA ON RESTRUCTURING
|
IMPOSED PENALTY RS.3,10,000 FROM 27-MAY-2026
27-MAY-2026
|
|
|
123
|
|
|
PURVAJA FINCAP PVT.LTD.
|
|
|
REDEEMED PRE-MATURELY SUBORDINATED DEBTS WITHOUT CONSENT OF RBI
|
IMPOSED PENALTY RS.50,000 FROM 27-MAR-2025
27-MAR-2025
|
|
|
124
|
|
|
RADHAKRISHNA FINANCE PVT.LTD.
|
|
|
VIOLATED DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY RBI
|
IMPOSED PENALTY RS.1,00,000 FROM 14-DEC-2017
14-DEC-2017
|
|
|
125
|
|
|
RAIN BOW FINANCE INDIA LTD.
|
|
|
DID NOT CREATE CONTINGENT PROVISION AGAINST STANDARD ASSETS AND HAD HIGH LEVERAGE RATIO
|
IMPOSED PENALTY RS.4,00,000 FROM 19-MAY-2023
19-MAY-2023
|
|
|
126
|
|
|
RAMKY FINANCE & INVESTMENT PVT.LTD.
|
|
|
DID NOT ADHERE TO INSTRUCTIONS OF RBI TO CHANGE THE NAME WITHOUT OBTAINING PRIOR APPROVAL OF RBI
|
IMPOSED PENALTY RS.1,00,000 FROM 22-JAN-2018
22-JAN-2018
|
|
|
127
|
|
|
RANG DE P2P FINANCIAL SERVICES PVT.LTD.
|
|
|
DISBURSED LOANS TO INDIVIDUAL BORROWERS WITHOUT SPECIFIC APPROVAL OF INDIVIDUAL LENDERS
|
IMPOSED PENALTY RS.10,00,000 FROM 25-FEB-2025
25-FEB-2025
|
|
|
128
|
|
|
RAR FINCARE 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.25,000 FROM 28-AUG-2024
28-AUG-2024
|
|
|
129
|
|
|
RELIGARE FINVEST LTD.
|
|
|
DID NOT ADHERE TO VARIOUS DIRECTIVES/INSTRUCTIONS/GUIDELINES/ORDERS OF RBI IN RESPECT OF ASSIGNMENT TRANSACTION
|
IMPOSED PENALTY RS.20,00,000 FROM 12-OCT-2017
12-OCT-2017
|
|
|
130
|
|
|
REPCO HOME FINANCE LTD.
|
|
|
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
|
IMPOSED PENALTY RS.70,000 FROM 05-JUN-2026
05-JUN-2026
|
|
|
131
|
|
|
SAKTHI 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.6,00,000 FROM 02-JAN-2024
02-JAN-2024
|
|
|
132
|
|
|
SANKHYA FINANCIAL SERVICES PVT.LTD.
|
|
|
ASSIGNED NON-PERFORMING ASSET TO INELIGIBLE ENTITY
|
IMPOSED PENALTY RS.40,000 FROM 29-DEC-2025
29-DEC-2025
|
|
|
133
|
|
|
SAPPER'S FINANCE & CONSULTANCY PVT.LTD.
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY RBI BY CHANGING ITS MANAGEMENT WITHOUT PRIOR APPROVAL OF RESERVE BANK OF INDIA
OFFERED INTEREST ON DEPOSITS OF NON-INDIVIDUAL CONSTITUENTS AT RATES APPLICABLE TO SENIOR/SUPER SENIOR CITIZENS
|
IMPOSED PENALTY RS.1,50,000 FROM 02-NOV-2023
02-NOV-2023
|
|
|
134
|
|
|
SATYA MICROCAPITAL LTD.
|
|
|
DID NOT CLASSIFY CERTAIN ACCOUNTS AS NPA ON RESTRUCTURING
|
IMPOSED PENALTY RS.3,10,000 FROM 13-JUL-2026
13-JUL-2026
|
|
|
135
|
|
|
SAVERY TRANSPORT FINANCE LTD.
|
|
|
DID NOT DEFINE METHOD OF APPLICATION OF INTEREST RATE IN LOAN AGREEMENT
CHARGED RATE OF INTEREST IN EXCESS OF WHAT WAS COMMUNICATED IN THE LOAN AGREEMENT
DID NOT UPDATE RATES OF INTEREST AND APPROACH FOR GRADATION OF RISKS ON ITS WEBSITE
|
IMPOSED PENALTY RS.5,00,000 FROM 26-MAR-2025
26-MAR-2025
|
|
|
136
|
|
|
SEYAD SHARIAT FINANCE 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 26-AUG-2021
26-AUG-2021
|
|
|
137
|
|
|
SG FINSERVE LTD.
|
|
|
ACCEPTED PUBLIC FUNDS AND EXTENDED LOANS
|
IMPOSED PENALTY RS.28,30,000 FROM 01-OCT-2024
01-OCT-2024
|
|
|
138
|
|
|
SHAHA FINLEASE 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.10,000 FROM 02-JAN-2026
02-JAN-2026
|
|
|
139
|
|
|
SHRI RAM FINANCE CORP.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
DID NOT CATEGORIZE CUSTOMERS AS LOW, MEDIUM OR HIGH RISK CATEGORY
DELAY IN UPLOADING KNOW YOUR CLIENTS (KYC) RECORDS OF CERTAIN CUSTOMERS’ ACCOUNTS ON CENTRAL KNOW YOUR CLIENTS (KYC) RECORDS REGISTRY
|
IMPOSED PENALTY RS.8,10,000 FROM 19-AUG-2026
19-AUG-2026
|
|
|
140
|
|
|
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
|
|
|
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.
|
|
|
|
|
|
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