M/s Hinduja Leyland Finance Ltd

RBI imposed a ₹4.90 lakh penalty on Hinduja Leyland Finance Limited for KYC non-compliance. The company failed to deploy a robust alerting system for suspicious transactions linked to customer risk profiles.

Hinduja Leyland Finance Limited must absorb the monetary penalty and ensure its KYC and transaction-monitoring controls are strengthened to prevent recurrence. The action does not, by itself, impose an operating restriction, but RBI has noted the penalty is without prejudice to any further action it may take.

• clause (b) of sub-section (1) of section 58G read with clause (aa) of sub-section (5) of section 58B of the Reserve Bank of India Act, 1934

RBI imposed a ₹5 lakh penalty on M/s Hinduja Leyland Finance Ltd. for non-transparent interest charging and disclosure practices. The company was found to have violated Fair Practices Code guidelines.

The company must absorb the monetary penalty; no operational restriction is described in the release. The finding signals compliance lapses in interest disclosure and borrower communication, but the action does not directly restrict lending or other business operations.

• section 58G(1)(b) read with sub-section 5(aa) of section 58B of the RBI Act, 1934
• Section 45N of Reserve Bank of India Act, 1934
• Section 45 L of the RBI Act, 1934

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