Case Brief
By order dated August 31, 2026, RBI imposed a monetary penalty on TransUnion CIBIL Limited for non-compliance with RBI directions on the framework for compensation to customers for delayed updation/rectification of credit information. RBI said the company failed to credit compensation amounts to the bank accounts of certain eligible complainants within the prescribed period. The penalty was imposed under section 25(1)(iii) read with section 23(4) of the Credit Information Companies (Regulation) Act, 2005, following a statutory inspection and consideration of the company’s reply and submissions.
Action Snapshot
- Primary Impact
- Fine: Rs 26.8 L
- Entity Type
- Credit bureau
- Action Type
- Monetary penalty