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
1	FAIRASSETS TECHNOLOGIES INDIA PVT.LTD.		DISBURSED LOANS TO INDIVIDUAL BORROWERS WITHOUT SPECIFIC APPROVAL OF INDIVIDUAL LENDERS TOOK PARTIAL CREDIT RISK BY FOREGOING SERVICE FEE PARTIALLY/FULLY WHICH WAS NOT PROVIDED UNDER THE SCOPE OF ACTIVITIES FOR NBFC-P2P COMPANIES DID NOT UNDERTAKE AND DISCLOSE CREDIT ASSESSMENT AND RISK PROFILE OF BORROWERS TO PROSPECTIVE LENDERS DID NOT ADHERE TO RBI’S DIRECTIONS ON ‘FUND TRANSFER MECHANISM’, WHEN IT ALLOWED REPAYMENTS TO LENDERS FROM FRESH FUNDS PROVIDED BY NEW/ EXISTING LENDERS OR THROUGH REPAYMENTS POOLED FROM BORROWERS RATHER THAN FROM A SPECIFIC BORROWER TO A SPECIFIC LENDER	IMPOSED PENALTY RS.40,00,000 FROM 11-FEB-2025 11-FEB-2025
2	FEDBANK FINANCIAL SERVICES LTD.		DELAY IN REPORTING OF FRAUDS TO RBI AND/OR NABARD	IMPOSED PENALTY RS.8,80,000 FROM 20-SEP-2023 20-SEP-2023
3	FEDBANK FINANCIAL SERVICES LTD.		DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON MONITORING OF FRAUDS IN NBFCS	IMPOSED PENALTY RS.15,00,000 FROM 22-MAR-2021 22-MAR-2021
4	FINQUEST FINANCIAL SOLUTIONS PVT.LTD.		DID NOT DO RISK CATEGORISATION OF ITS CUSTOMERS DID NOT MAKE GOOD SHORTFALL IN LTV RATIO OF 50% FOR LOANS GRANTED AGAINST COLLATERAL WITHIN SEVEN WORKING DAYS DID NOT SUBMIT DATA TO ANY OF THE FOUR CREDIT INFORMATION COMPANIES (AT MONTHLY AND/OR SHORTLY INTERVALS)	IMPOSED PENALTY RS.1,20,000 FROM 15-SEP-2023 15-SEP-2023
5	FIVE STAR BUSINESS 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 MAKE DISCLOSURE OF THE APPROACH FOR GRADATION OF RISK AND RATIONALE FOR CHARGING DIFFERENT RATE OF INTEREST TO DIFFERENT CATEGORIES OF BORROWERS IN THE APPLICATION FORMS AND SANCTION LETTERS	IMPOSED PENALTY RS.6,20,000 FROM 18-JUN-2026 18-JUN-2026
6	FORTUNE INTEGRATED ASSETS FINANCE LTD.		DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON MONITORING OF FRAUDS IN NBFCS	IMPOSED PENALTY RS.2,00,000 FROM 31-JAN-2020 31-JAN-2020
7	FUSION FINANCE LTD.		DID NOT PUT IN PLACE A SYSTEM OF RISK CATEGORISATION OF ACCOUNTS	IMPOSED PENALTY RS.2,70,000 FROM 14-AUG-2026 14-AUG-2026
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.