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
161	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
162	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
163	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
164	VSJ INVESTMENTS PVT.LTD.		ACQUIRED LOAN FROM INELIGIBLE ENTITY	IMPOSED PENALTY RS.80,000 FROM 20-JAN-2026 20-JAN-2026
165	WEST END HOUSING FINANCE LTD.		DID NOT OBTAIN PRIOR WRITTEN PERMISSION OF RBI FOR CHANGE IN SHAREHOLDING DUE TO PROGRESSIVE INCREASES OVER TIME, RESULTING IN ACQUISITION OF SHAREHOLDING BEYOND PERMITTED LIMIT	IMPOSED PENALTY RS.1,70,000 FROM 15-SEP-2023 15-SEP-2023
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.
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