Recorded RBI impact
Fine: Rs 3.10 L
Monetary penalty · Fresh imposition
Published by RBI
17 Jul 2026
Case Brief
RBI imposed a monetary penalty of Rs 3.10 lakh on Satya MicroCapital Limited by order dated July 13, 2026. The penalty was imposed under Section 58G(1)(b) read with Section 58B(5)(aa) of the Reserve Bank of India Act, 1934, after a statutory inspection and show-cause proceedings. RBI found that the company had not classified certain accounts as non-performing assets upon restructuring, violating RBI directions on asset classification.
Why RBI Acted
RBI imposed a monetary penalty under Section 58G(1)(b) read with Section 58B(5)(aa) of the Reserve Bank of India Act, 1934. The penalty followed a statutory inspection of Satya MicroCapital Limited with reference to its financial position as on March 31, 2025, and a show-cause process. RBI sustained the charge that the company failed to classify certain accounts as 'non-performing assets' upon restructuring, amounting to non-compliance with RBI directions on asset classification.
Operating Impact
Satya MicroCapital Limited must absorb the monetary penalty, and RBI may initiate any further action it deems appropriate. The release does not impose an operational restriction, but it signals supervisory non-compliance that may affect future regulatory scrutiny.
Regulatory Basis
- Section 58G(1)(b)
- Section 58B(5)(aa) of the Reserve Bank of India Act, 1934
Action Facts
- Primary Impact
- Fine: Rs 3.10 L
- Order Date
- 13 Jul 2026
- Effective From
- 13 Jul 2026
- Entities Affected
- 1
- Entity Role
- Primary
- Entity Type
- NBFC