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S.No.
|
ENTITY |
PERSONS |
REGULATORY CHARGES
|
REGULATORY ACTION(S) / DATE OF ORDER
|
FURTHER DEVELOPMENTS
|
|
1
|
|
IGH HOLDINGS PVT.LTD.
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY RBI ON PAYMENT TO CERTAIN BORROWERS THE SURPLUS AMOUNTS REALISED BY AUCTION OF GOLD ARTICLES PLEDGED BY THOSE BORROWERS
DID NOT OBTAIN MEMBERSHIP OF CREDIT INFORMATION COMPANIES (CICS)
DID NOT OBTAIN MEMBERSHIP OF THREE OUT OF FOUR CREDIT INFORMATION COMPANIES (CICS)
|
IMPOSED PENALTY RS.11,25,000 FROM 15-MAR-2023
15-MAR-2023
|
|
|
2
|
|
|
IIFL SAMASTA FINANCE LTD.
|
|
|
CHARGED INTEREST ON LOANS FOR THE PERIOD PRIOR TO DATE OF ACTUAL DISBURSEMENT OF LOAN/ISSUANCE OF CHEQUE TO CERTAIN BORROWERS IN CONTRAVENTION OF RBI DIRECTIONS ON ‘FAIR PRACTICES CODE’
DID NOT CLASSIFY CERTAIN GOLD LOAN ACCOUNTS WITH OVERDUES OF MORE THAN NINETY DAYS AS NON-PERFORMING ASSETS (NPAS)
CLASSIFIED CERTAIN LOAN ACCOUNTS WHICH WERE NPA AS ‘STANDARD ASSET’ WITHOUT REALISATION OF ENTIRE ARREARS OF INTEREST AND PRINCIPAL AMOUNT DUE
DID NOT ASSIGN UNIQUE CUSTOMER IDENTIFICATION CODE (UCIC) TO ITS CUSTOMERS
|
IMPOSED PENALTY RS.33,10,000 FROM 24-FEB-2025
24-FEB-2025
|
|
|
3
|
|
|
INDIA HOME LOAN LTD.
|
|
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SANCTIONED LOANS BEYOND PRESCRIBED LOAN TO VALUE (LTV) RATIO
|
IMPOSED PENALTY RS.1,00,000 FROM 03-JUN-2024
03-JUN-2024
|
|
|
4
|
|
|
INDIABULLS COMMERCIAL CREDIT 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.12,35,000 FROM 07-SEP-2022
07-SEP-2022
|
|
|
5
|
|
|
INDIAN SCHOOL FINANCE CO.PVT.LTD.
|
|
|
OUTSOURCED ONE OF ITS CORE MANAGEMENT FUNCTIONS (INTERNAL AUDIT TO EXTERNAL AUDITOR)
|
IMPOSED PENALTY RS.50,000 FROM 03-JAN-2025
03-JAN-2025
|
|
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6
|
|
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INDOSTAR CAPITAL FINANCE LTD.
|
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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 ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON CARRYING OUT PERIODIC UPDATION OF “KNOW YOUR CLIENTS” OF CUSTOMERS AS PER RISK CATEGORISATION
DELAY IN REPORTING OF FRAUDS TO RBI AND/OR NABARD
|
IMPOSED PENALTY RS.13,60,000 FROM 21-FEB-2024
21-FEB-2024
|
|
|
7
|
|
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INNOFIN SOLUTIONS PVT.LTD.
|
|
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DID NOT MAKE DISCLOSURE OF REQUIRED PERSONAL DETAILS INCLUDING CREDIT ASSESSMENT AND RISK PROFILE OF BORROWERS TO PROSPECTIVE LENDERS
DISBURSED LOANS WITHOUT SPECIFIC APPROVAL OF INDIVIDUAL LENDERS
ROUTED AMOUNTS DISBURSED AND COLLECTED IN LOAN ACCOUNTS IN P2P PLATFORM THROUGH ‘CO-LENDING ESCROW ACCOUNT’ IN VIOLATION OF ‘FUND TRANSFER MECHANISM’
ALLOWED REPAYMENTS IN MERCHANT FINANCE LOANS TO BE ROUTED THROUGH NODAL ACCOUNT OF A THIRD PARTY WHICH WAS ACTING AS A LENDING SERVICE PROVIDER FOR THE COMPANY
|
IMPOSED PENALTY RS.1,99,50,000 FROM 21-AUG-2024
21-AUG-2024
|
|
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The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.
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