SOURCE OF INFORMATION : RESERVE BANK OF INDIA WEBSITE & NEWSPAPERS
PERIOD COVERED : 01-AUG-1996 TO 27-AUG-2025

NBFC: IMPOSED PENALTY

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S.No.	ENTITY	PERSONS	REGULATORY CHARGES	REGULATORY ACTION(S) / DATE OF ORDER	FURTHER DEVELOPMENTS
1	EARLY SALARY SERVICES PVT.LTD.		DID NOT PUT IN PLACE SYSTEM OF INTERNAL AUDIT OF ALL OUTSOURCED ACTIVITIES	IMPOSED PENALTY RS.3,20,000 15-SEP-2023
2	ECL FINANCE LTD.		DID NOT PUT IN TO USE ANY ROBUST SOFTWARE AS A PART OF EFFECTIVE IDENTIFICATION AND REPORTING OF SUSPICIOUS TRANSACTIONS	IMPOSED PENALTY RS.4,90,000 04-DEC-2023
3	EKO INDIA FINANCIAL SERVICES PVT.LTD.		DID NOT ADHERE TO INSTRUCTIONS OF RBI AND REPORTED WRONGLY	IMPOSED PENALTY RS.5,00,000 21-MAR-2017
4	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 05-JAN-2024
5	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 07-MAR-2024
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.