Case Brief
RBI, by order dated August 03, 2026, imposed a monetary penalty of ₹3.90 lakh on Utsav Securities Limited. The action followed a statutory inspection and a show-cause process, after which RBI sustained charges that the company’s KMP held office in other NBFCs-Middle Layer and that the company failed to submit credit information for certain loan accounts to CICs. The penalty was imposed under the RBI Act, 1934 and the Credit Information Companies (Regulation) Act, 2005.
Action Snapshot
- Primary Impact
- Fine: Rs 3.90 L
- Entity Type
- NBFC
- Action Type
- Monetary penalty
- Order Date