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

NBFC: CHARGED RATE OF INTEREST IN EXCESS OF WHAT WAS COMMUNICATED IN THE LOAN AGREEMENT

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S.No.	ENTITY	PERSONS	REGULATORY CHARGES	REGULATORY ACTION(S) / DATE OF ORDER	FURTHER DEVELOPMENTS
1	SAVERY TRANSPORT FINANCE LTD.		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	IMPOSED PENALTY RS.5,00,000 26-MAR-2025
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.