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

NBFC: SUBMITTED INCORRECT DETAILS OF ELIGIBLE BOOK DEBTS TO ITS LENDERS FOR COMPUTATION OF DRAWING POWER

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S.No.	ENTITY	PERSONS	REGULATORY CHARGES	REGULATORY ACTION(S) / DATE OF ORDER	FURTHER DEVELOPMENTS
1	ECL FINANCE LTD.		SUBMITTED INCORRECT DETAILS OF ELIGIBLE BOOK DEBTS TO ITS LENDERS FOR COMPUTATION OF DRAWING POWER DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON LOAN TO VALUE NORMS FOR LENDING AGAINST SHARES DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON REPORTING OF DATA ON CENTRAL REPOSITORY OF INFORMATION ON LARGE CREDITS (CRILS) DID NOT ADHERE TO “KNOW YOUR CUSTOMER” DIRECTIVES/INSTRUCTIONS/GUIDELINES IN OPENING AND/OR OPERATING THE ACCOUNTS	DIRECTED TO CEASE AND DESIST FROM UNDERTAKING ANY STRUCTURED TRANSACTIONS IN RESPECT OF ITS WHOLESALE EXPOSURES, OTHER THAN REPAYMENT AND/OR CLOSURE OF ACCOUNTS IN ITS NORMAL COURSE OF BUSINESS 29-MAY-2024
2	EDELWEISS ASSET RECONSTRUCTION CO.LTD.		SUBMITTED INCORRECT DETAILS OF ELIGIBLE BOOK DEBTS TO ITS LENDERS FOR COMPUTATION OF DRAWING POWER DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON LOAN TO VALUE NORMS FOR LENDING AGAINST SHARES DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON REPORTING OF DATA ON CENTRAL REPOSITORY OF INFORMATION ON LARGE CREDITS (CRILS) DID NOT ADHERE TO “KNOW YOUR CUSTOMER” DIRECTIVES/INSTRUCTIONS/GUIDELINES IN OPENING AND/OR OPERATING THE ACCOUNTS DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON SETTLEMENT OF LOANS AND SHARING OF NON-PUBLIC INFORMATION OF CLIENTS WITH GROUP ENTITIES	DIRECTED TO CEASE AND DESIST FROM ACQUISITION OF FINANCIAL ASSETS INCLUDING SECURITY RECEIPTS (SRS) AND REORGANISING EXISTING SRS INTO SENIOR &SUBORDINATE TRANCHES 29-MAY-2024
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.