Infinity Fincorp Solutions Private Limited

RBI imposed a monetary penalty under section 58(G)(1)(b) read with section 58(B)(5)(aa) of the RBI Act, 1934 after a statutory inspection as on March 31, 2025 and subsequent show-cause proceedings. The sustained charges were that the company failed to establish a system for periodic review of the risk categorisation of accounts at least once every six months, and failed to disclose the approach for gradation of risk and the rationale for charging different interest rates to different borrower categories in application forms and sanction letters, contrary to RBI’s KYC Directions and Fair Practice Code directions.

Infinity Fincorp Solutions Private Limited must absorb the monetary penalty and address the compliance gaps identified by RBI. The findings signal continued supervisory scrutiny, and RBI has expressly reserved the right to initiate any further action it considers appropriate. Customers/borrowers are affected only indirectly through strengthened compliance expectations and disclosures going forward.