Case Brief
The Reserve Bank of India penalized Sammaan Finserve Limited by an order dated August 31, 2026 for non-compliance with RBI directions on 'Early Recognition of Stress and Reporting to Central Repository of Information on Large Credits (CRILC)'. Following a statutory inspection and a show-cause process, RBI concluded that the company failed to report credit information of its borrower to CRILC. The penalty was imposed under Section 58G(1)(b) read with Section 58B(5)(aa) of the RBI Act, 1934.
Action Snapshot
- Primary Impact
- Fine: Rs 4.20 L
- Entity Type
- NBFC
- Action Type
- Monetary penalty