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S.No.
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ENTITY |
PERSONS |
REGULATORY CHARGES
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REGULATORY ACTION(S) / DATE OF ORDER
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FURTHER DEVELOPMENTS
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|
1
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SAKTHI FINANCE LTD.
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DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON CARRYING OUT PERIODIC UPDATION OF “KNOW YOUR CLIENTS” OF CUSTOMERS AS PER RISK CATEGORISATION OF CUSTOMERS AND/OR ACCOUNTS
|
IMPOSED PENALTY RS.6,00,000 FROM 02-JAN-2024
02-JAN-2024
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2
|
|
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SANKHYA FINANCIAL SERVICES PVT.LTD.
|
|
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ASSIGNED NON-PERFORMING ASSET TO INELIGIBLE ENTITY
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IMPOSED PENALTY RS.40,000 FROM 29-DEC-2025
29-DEC-2025
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3
|
|
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SAPPER'S FINANCE & CONSULTANCY PVT.LTD.
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DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY RBI BY CHANGING ITS MANAGEMENT WITHOUT PRIOR APPROVAL OF RESERVE BANK OF INDIA
OFFERED INTEREST ON DEPOSITS OF NON-INDIVIDUAL CONSTITUENTS AT RATES APPLICABLE TO SENIOR/SUPER SENIOR CITIZENS
|
IMPOSED PENALTY RS.1,50,000 FROM 02-NOV-2023
02-NOV-2023
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4
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|
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SATYA MICROCAPITAL LTD.
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DID NOT CLASSIFY CERTAIN ACCOUNTS AS NPA ON RESTRUCTURING
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IMPOSED PENALTY RS.3,10,000 FROM 13-JUL-2026
13-JUL-2026
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5
|
|
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SAVERY TRANSPORT FINANCE LTD.
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DID NOT DEFINE METHOD OF APPLICATION OF INTEREST RATE IN LOAN AGREEMENT
CHARGED RATE OF INTEREST IN EXCESS OF WHAT WAS COMMUNICATED IN THE LOAN AGREEMENT
DID NOT UPDATE RATES OF INTEREST AND APPROACH FOR GRADATION OF RISKS ON ITS WEBSITE
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IMPOSED PENALTY RS.5,00,000 FROM 26-MAR-2025
26-MAR-2025
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6
|
|
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SEYAD SHARIAT FINANCE LTD.
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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.5,00,000 FROM 26-AUG-2021
26-AUG-2021
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7
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|
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SG FINSERVE LTD.
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ACCEPTED PUBLIC FUNDS AND EXTENDED LOANS
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IMPOSED PENALTY RS.28,30,000 FROM 01-OCT-2024
01-OCT-2024
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8
|
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SHAHA FINLEASE PVT.LTD.
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DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON CARRYING OUT PERIODIC UPDATION OF “KNOW YOUR CLIENTS” OF CUSTOMERS AS PER RISK CATEGORISATION OF CUSTOMERS AND/OR ACCOUNTS
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IMPOSED PENALTY RS.10,000 FROM 02-JAN-2026
02-JAN-2026
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9
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|
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SHRI RAM FINANCE CORP.PVT.LTD.
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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
DID NOT CATEGORIZE CUSTOMERS AS LOW, MEDIUM OR HIGH RISK CATEGORY
DELAY IN UPLOADING KNOW YOUR CLIENTS (KYC) RECORDS OF CERTAIN CUSTOMERS’ ACCOUNTS ON CENTRAL KNOW YOUR CLIENTS (KYC) RECORDS REGISTRY
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IMPOSED PENALTY RS.8,10,000 FROM 19-AUG-2026
19-AUG-2026
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10
|
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SHRIRAM CITY UNION FINANCE LTD.
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DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY RBI ON VERIFICATION OF OWNERSHIP OF GOLD JEWELLERY CONTAINED IN NBFC RESERVE BANK OF INDA DIRECTIVES/INSTRUCTIONS/GUIDELINES, 2016
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY RBI BY CHANGING ITS MANAGEMENT WITHOUT PRIOR APPROVAL OF RESERVE BANK OF INDIA
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY RBI ON REPORTING OF FRAUDS CONTAINED IN MONITORING OF FRAUDS IN NBFCS RESERVE BANK OF INDA DIRECTIVES/INSTRUCTIONS/GUIDELINES, 2016
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IMPOSED PENALTY RS.5,00,000 FROM 23-SEP-2020
23-SEP-2020
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11
|
|
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SHRIRAM CITY UNION FINANCE LTD.
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DID NOT ADHERE TO PROVISIONS OF RBI ACT, 1934
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IMPOSED PENALTY RS.20,00,000 FROM 11-APR-2017
11-APR-2017
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12
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SHRIRAM FINANCE LTD.
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ROUTED LOAN REPAYMENTS THROUGH ACCOUNT OF A THIRD-PARTY INSTEAD OF BORROWERS DIRECTLY CREDITING LOAN REPAYMENTS TO THE COMPANY’S ACCOUNT
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IMPOSED PENALTY RS.2,70,000 FROM 08-JUL-2025
08-JUL-2025
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13
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|
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SHRIRAM FINANCE LTD.
|
|
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DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON CARRYING OUT PERIODIC UPDATION OF “KNOW YOUR CLIENTS” OF CUSTOMERS AS PER RISK CATEGORISATION OF CUSTOMERS AND/OR ACCOUNTS
DID NOT ENSURE THAT ITS AGREEMENTS WITH CERTAIN DIRECT SALES AGENTS HAD A CLAUSE REGARDING RBI’S RIGHT TO INSPECT BOOKS AND ACCOUNTS OF SERVICE PROVIDERS
DID NOT SHARE INFORMATION ABOUT RELATIONSHIP SEGMENT OF CORPORATES TO CREDIT INFORMATION COMPANIES
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IMPOSED PENALTY RS.5,80,000 FROM 10-FEB-2025
10-FEB-2025
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14
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|
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SMFG INDIA CREDIT CO.LTD.
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DID NOT ENSURE THAT CONTRACT BETWEEN COMPANY AND OUTSOURCED VENDORS CONTAINED PROVISION WITH RESPECT TO MONITORING AND OVERSIGHT
DID NOT CONDUCT IS AUDIT FOR NETWORK AND SECURITY SOLUTIONS SINCE ITS INCEPTION
DID NOT ENSURE ADEQUATE STORAGE/RETENTION OF AUDIT LOGS OF EMAIL GATEWAY AND ANALYSE OR TAKE ACTION ON A CRITICAL ALERT GENERATED FROM ENDPOINT DETECTION & RESPONSE SOLUTION FOR MALWARE DETECTION FROM INFECTED SERVER
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IMPOSED PENALTY RS.23,10,000 FROM 04-SEP-2024
04-SEP-2024
|
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15
|
|
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SONATA FINANCE PVT.LTD.
|
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DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY RBI BY CHANGING ITS MANAGEMENT WITHOUT PRIOR APPROVAL OF RESERVE BANK OF INDIA
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IMPOSED PENALTY RS.15,00,000 FROM 23-MAR-2021
23-MAR-2021
|
|
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16
|
|
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SPANDANA SPHOORTY FINANCIAL LTD.
|
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DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY RBI BY CHANGING ITS MANAGEMENT WITHOUT PRIOR APPROVAL OF RESERVE BANK OF INDIA
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IMPOSED PENALTY RS.2,33,00,000 FROM 05-AUG-2022
05-AUG-2022
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17
|
|
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SRESTHA FINVEST LTD.
|
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DID NOT OBTAIN PRIOR APPROVAL OF RBI FOR APPOINTMENT OF DIRECTORS
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IMPOSED PENALTY RS.2,00,000 FROM 18-MAY-2023
18-MAY-2023
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18
|
|
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SULTANPUR JILLA SAHKARI BANK LTD.
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DID NOT SUBMIT DATA TO ANY OF THE FOUR CREDIT INFORMATION COMPANIES (AT MONTHLY AND/OR SHORTLY INTERVALS)
DID NOT PUT IN PLACE A SYSTEM OF RISK CATEGORISATION OF ACCOUNTS
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 TRANSFER OF ELIGIBLE UNCLAIMED FUNDS TO DEPOSITOR EDUCATION AND AWARENESS FUND WITHIN PRESCRIBED PERIOD
|
IMPOSED PENALTY RS.3,00,000 FROM 19-JUN-2026
19-JUN-2026
|
|
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19
|
|
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SUNDARAM HOME FINANCE LTD.
|
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DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON CARRYING OUT PERIODIC UPDATION OF “KNOW YOUR CLIENTS” OF CUSTOMERS AS PER RISK CATEGORISATION OF CUSTOMERS AND/OR ACCOUNTS
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IMPOSED PENALTY RS.1,50,000 FROM 09-MAY-2024
09-MAY-2024
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20
|
|
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SWAGATAM MARKETING PVT.LTD.
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DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY RBI ON DISCLOSURE OF ANNUALIZED RATE OF INTEREST CHARGED ON LOANS TO THE BORROWERS AT THE TIME OF SANCTION AND DID NOT GIVE NOTICE OF CHANGE IN TERMS AND CONDITIONS OF LOAN TO BORROWERS WHEN IT CHARGED HIGHER RATE OF INTEREST THAN WHAT WAS COMMUNICATED AT THE TIME OF SANCTION
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IMPOSED PENALTY RS.1,00,000 FROM 16-AUG-2022
16-AUG-2022
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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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