Pinnacle Capital Solutions Pvt. Ltd

RBI imposed a monetary penalty of Rs 1 lakh on Pinnacle Capital Solutions Private Limited, Jharkhand. The action was for non-compliance with RBI’s directions on Default Loss Guarantee in digital lending.

The company must bear the monetary penalty, and the finding may support further supervisory or enforcement action by RBI. The release does not impose any immediate operating restriction, but it highlights a compliance lapse in the company’s digital lending arrangements.

• Section 58G(1)(b)
• Section 58B(5)(aa) of the Reserve Bank of India Act, 1934

RBI imposed a Rs 2 lakh penalty on Pinnacle Capital Solutions Pvt. Ltd., Jharkhand. The penalty was for non-compliance with RBI directions on credit card issuance and digital lending.

The company must absorb the penalty; the release does not mention any operational restriction, but RBI has put the firm on notice that further action may still follow. The findings relate to how it issued credit products and routed loan disbursals, which may affect ongoing compliance expectations for its digital lending operations.

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