SOURCE OF INFORMATION : RESERVE BANK OF INDIA WEBSITE & NEWSPAPERS
PERIOD COVERED : 01-AUG-1996 TO 09-MAR-2026

NBFC: IMPOSED PENALTY

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ALL

S.No.	ENTITY	PERSONS	REGULATORY CHARGES	REGULATORY ACTION(S) / DATE OF ORDER	FURTHER DEVELOPMENTS
101	RADHAKRISHNA FINANCE PVT.LTD.		VIOLATED DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY RBI	IMPOSED PENALTY RS.1,00,000 FROM 14-DEC-2017 14-DEC-2017
102	RAIN BOW FINANCE INDIA LTD.		DID NOT CREATE CONTINGENT PROVISION AGAINST STANDARD ASSETS AND HAD HIGH LEVERAGE RATIO	IMPOSED PENALTY RS.4,00,000 FROM 19-MAY-2023 19-MAY-2023
103	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 FROM 22-JAN-2018 22-JAN-2018
104	RANG DE P2P FINANCIAL SERVICES PVT.LTD.		DISBURSED LOANS TO INDIVIDUAL BORROWERS WITHOUT SPECIFIC APPROVAL OF INDIVIDUAL LENDERS	IMPOSED PENALTY RS.10,00,000 FROM 25-FEB-2025 25-FEB-2025
105	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 FROM 28-AUG-2024 28-AUG-2024
106	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 FROM 12-OCT-2017 12-OCT-2017
107	SAKTHI FINANCE LTD.		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
108	SANKHYA FINANCIAL SERVICES PVT.LTD.		ASSIGNED NON-PERFORMING ASSET TO INELIGIBLE ENTITY	IMPOSED PENALTY RS.40,000 FROM 29-DEC-2025 29-DEC-2025
109	SAPPER'S FINANCE & CONSULTANCY PVT.LTD.		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
110	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 FROM 26-MAR-2025 26-MAR-2025
111	SEYAD SHARIAT FINANCE 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 26-AUG-2021 26-AUG-2021
112	SG FINSERVE LTD.		ACCEPTED PUBLIC FUNDS AND EXTENDED LOANS	IMPOSED PENALTY RS.28,30,000 FROM 01-OCT-2024 01-OCT-2024
113	SHAHA FINLEASE PVT.LTD.		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.10,000 FROM 02-JAN-2026 02-JAN-2026
114	SHRIRAM CITY UNION FINANCE LTD.		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	IMPOSED PENALTY RS.5,00,000 FROM 23-SEP-2020 23-SEP-2020
115	SHRIRAM CITY UNION FINANCE LTD.		DID NOT ADHERE TO PROVISIONS OF RBI ACT, 1934	IMPOSED PENALTY RS.20,00,000 FROM 11-APR-2017 11-APR-2017
116	SHRIRAM FINANCE LTD.		ROUTED LOAN REPAYMENTS THROUGH ACCOUNT OF A THIRD-PARTY INSTEAD OF BORROWERS DIRECTLY CREDITING LOAN REPAYMENTS TO THE COMPANY’S ACCOUNT	IMPOSED PENALTY RS.2,70,000 FROM 08-JUL-2025 08-JUL-2025
117	SHRIRAM FINANCE LTD.		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	IMPOSED PENALTY RS.5,80,000 FROM 10-FEB-2025 10-FEB-2025
118	SMFG INDIA CREDIT CO.LTD.		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	IMPOSED PENALTY RS.23,10,000 FROM 04-SEP-2024 04-SEP-2024
119	SONATA FINANCE PVT.LTD.		DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY RBI BY CHANGING ITS MANAGEMENT WITHOUT PRIOR APPROVAL OF RESERVE BANK OF INDIA	IMPOSED PENALTY RS.15,00,000 FROM 23-MAR-2021 23-MAR-2021
120	SPANDANA SPHOORTY FINANCIAL LTD.		DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY RBI BY CHANGING ITS MANAGEMENT WITHOUT PRIOR APPROVAL OF RESERVE BANK OF INDIA	IMPOSED PENALTY RS.2,33,00,000 FROM 05-AUG-2022 05-AUG-2022
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.
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