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S.No.
|
ENTITY |
PERSONS |
REGULATORY CHARGES
|
REGULATORY ACTION(S) / DATE OF ORDER
|
FURTHER DEVELOPMENTS
|
|
1
|
|
VALUECORP SECURITIES & FINANCE LTD.
|
|
|
DID NOT SUBMIT DATA TO ANY OF THE FOUR CREDIT INFORMATION COMPANIES (AT MONTHLY AND/OR SHORTLY INTERVALS)
TRANSFERRED LOAN EXPOSURE TO OTHER THAN A PERMITTED ENTITY
DID NOT ASSIGN UNIQUE CUSTOMER IDENTIFICATION CODE (UCIC) TO ITS CUSTOMERS
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.2,40,000 FROM 23-DEC-2025
23-DEC-2025
|
|
|
2
|
|
|
VANCHINAD FINANCE PVT.LTD.
|
|
|
DECLARED DIVIDEND IN EXCESS OF PRESCRIBED DIVIDEND PAYOUT RATIO
|
IMPOSED PENALTY RS.1,00,000 FROM 03-MAR-2025
03-MAR-2025
|
|
|
3
|
|
|
VEDVYAS FINANCE 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.30,000 FROM 16-MAR-2026
16-MAR-2026
|
|
|
4
|
|
|
VILLAGE FINANCIAL SERVICES 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
|
IMPOSED PENALTY RS.5,00,000 FROM 11-AUG-2021
11-AUG-2021
|
|
|
5
|
|
|
VINAYAKA CAPSEC PVT.LTD.
|
|
|
DID NOT TAKE PRIOR WRITTEN PERMISSION OF RBI FOR CHANGE IN SHAREHOLDING MORE THAN 26% OF PAID-UP EQUITY CAPITAL
|
IMPOSED PENALTY RS.1,00,000 FROM 04-FEB-2026
04-FEB-2026
|
|
|
6
|
|
|
VISIONARY FINANCEPEER PVT.LTD.
|
|
|
DISBURSED LOANS TO INDIVIDUAL BORROWERS WITHOUT SPECIFIC APPROVAL OF INDIVIDUAL LENDERS
DID NOT ENSURE THAT EACH INDIVIDUAL LENDER AND BORROWER HAD SIGNED A LOAN AGREEMENT
DID NOT MAKE DISCLOSURE OF REQUIRED DETAILS OF THE BORROWERS TO THE LENDERS
DID NOT HAVE BOARD APPROVED POLICY FOR PRICING OF SERVICES PROVIDED
DID NOT ENSURE THAT ITS AGREEMENTS WITH SERVICE PROVIDERS INCLUDED CLAUSES TO RECOGNIZE THE RIGHT OF RBI TO CAUSE INSPECTION TO BE MADE OF THE SERVICE PROVIDERS AND UNDERTAKE ANNUAL REVIEW OF THE SERVICE PROVIDERS
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.16,60,000 FROM 25-FEB-2025
25-FEB-2025
|
|
|
7
|
|
|
VSJ INVESTMENTS PVT.LTD.
|
|
|
ACQUIRED LOAN FROM INELIGIBLE ENTITY
|
IMPOSED PENALTY RS.80,000 FROM 20-JAN-2026
20-JAN-2026
|
|
|
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.
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