M/s Kosamattam Finance Ltd

RBI imposed a monetary penalty of ₹13.38 lakh on Kosamattam Finance Limited, Kottayam. The penalty was for non-compliance with NBFC directions relating to credit information reporting and loan-to-value compliance.

The company must absorb the penalty and ensure future compliance with RBI’s NBFC directions, especially credit information reporting for gold loans and adherence to LTV norms. The order does not invalidate customer transactions or agreements, but it signals supervisory non-compliance that can lead to further enforcement if repeated.

• Section 25(1)(iii) read with Section 23(4) of the Credit Information Companies (Regulation) Act, 2005
• Section 58G (1)(b) read with Section 58B(5)(aa) of the Reserve Bank of India Act, 1934

RBI imposed a monetary penalty of ₹5 lakh on M/s Kosamattam Finance Ltd. for violations of its KYC guidelines and related directions/orders.

The company must absorb the monetary penalty; the release does not describe any operating restriction, suspension, or cancellation. The adverse impact is limited to the fine itself, with no stated immediate effect on customers or operations.

• section 58G(1)(b)
• sub-section 5(aa) of section 58B
• section 45N of Reserve Bank of India Act, 1934

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