RBI imposes monetary penalty on Exclusive Capital Limited
Case Brief
By an order dated March 27, 2026, RBI imposed a monetary penalty of ₹10.30 lakh on Exclusive Capital Limited. The action followed offsite analysis and correspondence showing non-compliance with RBI directions relating to leverage ratio, filing of supervisory returns, and submission of the balance sheet. After a show-cause process and personal hearing, RBI sustained the charges and imposed the penalty under the RBI Act, 1934.
RBI found that Exclusive Capital Limited breached the permissible leverage ratio, failed to submit certain supervisory returns within the prescribed frequency and timelines, and failed to furnish its balance sheet within the stipulated period. The penalty was imposed under Section 58G(1)(b) read with Section 58B(5)(aa) of the RBI Act, 1934 after a show-cause notice, reply, and personal hearing.
Severity Assessment
The action is a monetary penalty of ₹10.30 lakh, which falls in the 3 band (₹10 lakh to ₹20 lakh).
Exclusive Capital Limited must absorb the monetary penalty and address the compliance weaknesses identified by RBI. The release does not itself impose an operational restriction, but it signals continued supervisory scrutiny and the possibility of further RBI action if similar lapses recur.
Published as Exclusive Capital Limited
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