SOURCE OF INFORMATION : RESERVE BANK OF INDIA WEBSITE & NEWSPAPERS
PERIOD COVERED : 01-AUG-1996 TO 28-MAY-2026

NBFC: IMPOSED PENALTY

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S.No.	ENTITY	PERSONS	REGULATORY CHARGES	REGULATORY ACTION(S) / DATE OF ORDER	FURTHER DEVELOPMENTS
1	NABFINS LTD.		ADOPTED RESTRICTIVE PRACTICE OF FORCING CUSTOMERS TO GO IN ONLY FOR A PARTICULAR INSURANCE COMPANY IN RESPECT OF ASSETS FINANCED BY IT	IMPOSED PENALTY RS.10,00,000 FROM 15-APR-2024 15-APR-2024
2	NAVI FINSERV LTD.		CONTACTED CUSTOMERS AFTER 7:00 P.M. AND BEFORE 8:00 A.M. FOR RECOVERY OF OVERDUE LOANS DID NOT FOLLOW DUE PROTOCOL WHILE SENDING MESSAGES TO CUSTOMERS	IMPOSED PENALTY RS.3,80,000 FROM 10-FEB-2026 10-FEB-2026
3	NDX P2P PVT.LTD.		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 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.1,92,00,000 FROM 21-AUG-2024 21-AUG-2024
4	NEWA INVESTMENTS 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	IMPOSED PENALTY RS.2,70,000 FROM 15-MAY-2026 15-MAY-2026
5	NISSAN RENAULT FINANCIAL SERVICES INDIA PVT.LTD.		DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY RBI BY CHANGING ITS MANAGEMENT WITHOUT PRIOR APPROVAL OF RESERVE BANK OF INDIA	IMPOSED PENALTY RS.5,00,000 FROM 17-NOV-2020 17-NOV-2020
6	NORTHERN ARC CAPITAL LTD.		DID NOT PUT IN PLACE ANY IT SYSTEM/SOFTWARE FOR EFFECTIVE IDENTIFICATION AND REPORTING OF SUSPICIOUS TRANSACTIONS	IMPOSED PENALTY RS.2,70,000 FROM 29-JAN-2026 29-JAN-2026
7	NUVAMA WEALTH 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	IMPOSED PENALTY RS.9,60,000 FROM 06-MAR-2023 06-MAR-2023
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.