Case Brief
By an order dated September 08, 2026, RBI imposed a monetary penalty of Rs 27.30 lakh on Asset Care & Reconstruction Enterprise Limited. The action followed a statutory inspection with reference to the company’s financial position as of March 31, 2025, and subsequent show-cause proceedings. RBI concluded that the company had not complied with certain directions issued on ‘Income Recognition’ and sustained the specific charge that it violated regulatory requirements with respect to charging of management fees. The penalty was imposed under section 12 read with section 30A(1) of the SARFAESI Act, 2002.
Action Snapshot
- Primary Impact
- Fine: Rs 27.3 L
- Entity Type
- NBFC
- Action Type
- Monetary penalty