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	RADHAKRISHNA FINANCE PVT.LTD.		VIOLATED DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY RBI	IMPOSED PENALTY RS.1,00,000 14-DEC-2017
2	RAIN BOW FINANCE INDIA LTD.		DID NOT CREATE CONTINGENT PROVISION AGAINST STANDARD ASSETS AND HAD HIGH LEVERAGE RATIO	IMPOSED PENALTY RS.4,00,000 19-MAY-2023
3	RAMKY FINANCE & INVESTMENT PVT.LTD.		DID NOT ADHERE TO INSTRUCTIONS OF RBI TO CHANGE THE NAME WITHOUT OBTAINING PRIOR APPROVAL OF RBI	IMPOSED PENALTY RS.1,00,000 22-JAN-2018
4	RANG DE P2P FINANCIAL SERVICES PVT.LTD.		DISBURSED LOANS TO INDIVIDUAL BORROWERS WITHOUT SPECIFIC APPROVAL OF INDIVIDUAL LENDERS	IMPOSED PENALTY RS.10,00,000 25-FEB-2025
5	RAR FINCARE 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.25,000 28-AUG-2024
6	RELIGARE FINVEST LTD.		DID NOT ADHERE TO VARIOUS DIRECTIVES/INSTRUCTIONS/GUIDELINES/ORDERS OF RBI IN RESPECT OF ASSIGNMENT TRANSACTION	IMPOSED PENALTY RS.20,00,000 12-OCT-2017
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.