SOURCE OF INFORMATION : RESERVE BANK OF INDIA WEBSITE & NEWSPAPERS
PERIOD COVERED : 01-AUG-1996 TO 13-JUL-2024

NBFC: DID NOT MAKE GOOD SHORTFALL IN LTV RATIO OF 50% FOR LOANS GRANTED AGAINST COLLATERAL WITHIN SEVEN WORKING DAYS

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S.No.	ENTITY	PERSONS	REGULATORY CHARGES	REGULATORY ACTION(S) / DATE OF ORDER	FURTHER DEVELOPMENTS
1	FINQUEST FINANCIAL SOLUTIONS PVT.LTD.		DID NOT DO RISK CATEGORISATION OF ITS CUSTOMERS DID NOT MAKE GOOD SHORTFALL IN LTV RATIO OF 50% FOR LOANS GRANTED AGAINST COLLATERAL WITHIN SEVEN WORKING DAYS DID NOT SUBMIT DATA TO ALL FOUR CREDIT INFORMATION COMPANIES (AT MONTHLY OR SHORTLY INTERVALS)	IMPOSED PENALTY RS.1,20,000 15-SEP-2023
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.