Shriram Finance Limited

RBI imposed a ₹2.70 lakh penalty on Shriram Finance Limited for non-compliance with the RBI (Digital Lending) Directions, 2025. The company had routed loan repayments through a third-party account instead of directly through its own account.

Shriram Finance Limited must absorb the monetary penalty and ensure its repayment collection processes comply with RBI’s digital lending directions going forward. The immediate operational consequence is regulatory censure rather than a business restriction, but RBI noted that further action may still be initiated if warranted.

• clause (b) of sub-section (1) of Section 58G
• clause (aa) of sub-section (5) of Section 58B of the Reserve Bank of India Act, 1934
• Reserve Bank of India (Digital Lending) Directions, 2025

RBI has imposed a ₹5.80 lakh penalty on Shriram Finance Limited for multiple regulatory compliance lapses. The violations relate to KYC compliance, NBFC directions, and credit information reporting.

Shriram Finance Limited must absorb the monetary penalty; the release does not announce a business restriction or licence action. The finding may also leave the company exposed to further supervisory or enforcement action, but no additional immediate operational curbs are stated in this release.

• 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
• Section 25(1)(iii) read with Section 23(4) of the Credit Information Companies (Regulation) Act, 2005