SOURCE OF INFORMATION : RESERVE BANK OF INDIA WEBSITE & NEWSPAPERS
PERIOD COVERED : 01-AUG-1996 TO 29-APR-2025

NBFC: DID NOT PUT IN PLACE A SYSTEM OF PERIODIC REVIEW OF RISK CATEGORISATION OF CUSTOMERS AND/OR ACCOUNTS

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S.No.	ENTITY	PERSONS	REGULATORY CHARGES	REGULATORY ACTION(S) / DATE OF ORDER	FURTHER DEVELOPMENTS
1	SHRIRAM FINANCE LTD.		DID NOT PUT IN PLACE A SYSTEM OF PERIODIC REVIEW OF 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	IMPOSED PENALTY RS.5,80,000 10-FEB-2025
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.