|
S.No.
|
ENTITY |
PERSONS |
REGULATORY CHARGES
|
REGULATORY ACTION(S) / DATE OF ORDER
|
FURTHER DEVELOPMENTS
|
|
1
|
|
PAHAL FINANCIAL SERVICES PVT.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.3,10,000 FROM 18-JUN-2026
18-JUN-2026
|
|
|
2
|
|
|
PAN EMAMI COSMED LTD.
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON PRESCRIBED REGULATORY LIMIT FOR CREDIT EXPOSURE IN RESPECT OF SINGLE GROUP OF PARTIES
|
IMPOSED PENALTY RS.3,10,000 FROM 13-JUL-2026
13-JUL-2026
|
|
|
3
|
|
|
PAUL MERCHANTS FINANCE PVT.LTD.
|
|
|
DID NOT INTEND TO PRONOUNCE UPON VALIDITY OF ANY TRANSACTION OR AGREEMENT ENTERED INTO BY NBFC WITH CUSTOMERS
|
IMPOSED PENALTY RS.30,50,000 FROM 24-AUG-2023
24-AUG-2023
|
|
|
4
|
|
|
PAYME INDIA FINANCIAL SERVICES PVT.LTD.
|
|
|
VIOLATED SPECIFIC CONDITIONS OF THE CERTIFICATE OF REGISTRATION (ACCEPTED PUBLIC FUNDS AND CUSTOMER INTERFACE, WHEN SANCTIONING ITS LOANS AND ADVANCES)
DID NOT TAKE PRIOR WRITTEN PERMISSION OF RBI FOR CHANGE IN SHAREHOLDING MORE THAN 26% OF PAID-UP EQUITY CAPITAL
|
IMPOSED PENALTY RS.2,00,000 FROM 03-JUN-2025
03-JUN-2025
|
|
|
5
|
|
|
PHOENIX ARC PVT.LTD.
|
|
|
SETTLED DUES OF CERTAIN BORROWERS HAVING AGGREGATE OUTSTANDING PRINCIPAL AMOUNT OF MORE THAN RS.1 CRORE WITHOUT THE PRIOR APPROVAL OF ITS BOARD OF DIRECTORS
|
IMPOSED PENALTY RS.52,70,000 FROM 24-MAR-2025
24-MAR-2025
|
|
|
6
|
|
|
PINNACLE CAPITAL SERVICES PVT.LTD.
|
|
|
ISSUED CREDIT LINE IN THE NATURE OF CREDIT CARD TO CERTAIN BORROWERS WITHOUT PRIOR APPROVAL FROM RBI
DISBURSED LOANS TO BORROWERS THROUGH PASS-THROUGH ACCOUNT OF THIRD PARTY
|
IMPOSED PENALTY RS.2,00,000 FROM 11-FEB-2025
11-FEB-2025
|
|
|
7
|
|
|
PINNACLE CAPITAL SOLUTIONS PVT.LTD.
|
|
|
OBTAINED DEFAULT LOSS GUARANTEE FROM LENDING SERVICE PROVIDER, WHICH EXCEEDED FIVE PERCENT OF THE AMOUNT OF OUTSTANDING LOAN PORTFOLIO
|
IMPOSED PENALTY RS.1,00,000 FROM 09-DEC-2025
09-DEC-2025
|
|
|
8
|
|
|
POONAWALLA FINCORP LTD.
|
|
|
CHARGED INTEREST ON LOANS FROM DATES PRIOR TO DATES OF DISBURSAL OF LOANS CONTRARY TO TERMS AND CONDITIONS OF LOANS COMMUNICATED TO CUSTOMERS
|
IMPOSED PENALTY RS.10,00,000 FROM 12-AUG-2024
12-AUG-2024
|
|
|
9
|
|
|
POORAM FINSERV 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
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY RBI ON RAISING MONEY THROUGH PRIVATE PLACEMENT OF NON-CONVERTIBLE DEBENTURES (NCDS) BY NBFCS
|
IMPOSED PENALTY RS.10,00,000 FROM 04-FEB-2022
04-FEB-2022
|
|
|
10
|
|
|
POWER FINANCE CORP.LTD.
|
|
|
DID NOT MAINTAIN PRESCRIBED LIQUIDITY COVERAGE RATIO (LCR) OF 60% AS A RESULT OF INCLUSION OF INELIGIBLE ASSETS AS HIGH QUALITY LIQUID ASSETS (HQLA) FOR COMPUTATION OF LIQUIDITY COVERAGE RATIO (LCR)
|
IMPOSED PENALTY RS.8,80,000 FROM 06-FEB-2024
06-FEB-2024
|
|
|
11
|
|
|
PROGFIN PVT.LTD.
|
|
|
DID NOT PUT IN PLACE A SYSTEM OF RISK CATEGORISATION OF ACCOUNTS
|
IMPOSED PENALTY RS.2,70,000 FROM 19-AUG-2026
19-AUG-2026
|
|
|
12
|
|
|
PURAN ASSOCIATES PVT.LTD.
|
|
|
DID NOT CLASSIFY CERTAIN ACCOUNTS AS NPA ON RESTRUCTURING
|
IMPOSED PENALTY RS.3,10,000 FROM 27-MAY-2026
27-MAY-2026
|
|
|
13
|
|
|
PURVAJA FINCAP PVT.LTD.
|
|
|
REDEEMED PRE-MATURELY SUBORDINATED DEBTS WITHOUT CONSENT OF RBI
|
IMPOSED PENALTY RS.50,000 FROM 27-MAR-2025
27-MAR-2025
|
|
|
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.
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