SOURCE OF INFORMATION : RESERVE BANK OF INDIA WEBSITE & NEWSPAPERS
PERIOD COVERED : 01-AUG-1996 TO 21-NOV-2024

NBFC: DID NOT ENSURE THAT CONTRACT BETWEEN COMPANY AND OUTSOURCED VENDORS CONTAINED PROVISION WITH RESPECT TO MONITORING AND OVERSIGHT

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S.No.	ENTITY	PERSONS	REGULATORY CHARGES	REGULATORY ACTION(S) / DATE OF ORDER	FURTHER DEVELOPMENTS
1	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 04-SEP-2024
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.