Case Brief
RBI imposed a monetary penalty on Hinduja Leyland Finance Limited by order dated September 02, 2026. The action followed a statutory inspection conducted with reference to the company’s financial position as on March 31, 2025. RBI found that the company failed to comply with certain provisions of its directions on ‘Pricing of Microfinance Loans’ and ‘Securitisation of Standard Assets’, including not having a Board-approved policy on microfinance loan pricing and undertaking activities in the nature of ‘Synthetic Securitisation’. 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 6.20 L
- Entity Type
- NBFC
- Action Type
- Monetary penalty