Recorded RBI impact
Fine: Rs 2.40 L
Monetary penalty · Fresh imposition
Published by RBI
29 Dec 2025
Case Brief
The RBI, by an order dated December 23, 2025, imposed a monetary penalty of ₹2.40 lakh on Valuecorp Securities & Finance Limited. The penalty followed a statutory inspection with reference to the company’s financial position as on March 31, 2024, and a show-cause process after supervisory findings of non-compliance. RBI found that the company had failed to submit credit information to CICs, transferred a loan exposure to an entity other than a permitted one, failed to assign UCICs, and failed to carry out customer risk categorisation. The action was taken under the Credit Information Companies (Regulation) Act, 2005 and the RBI Act, 1934.
Why RBI Acted
RBI imposed a monetary penalty on Valuecorp Securities & Finance Limited after a statutory inspection and supervisory review found non-compliance with RBI directions on 'Submission of data to Credit Information Companies', 'Transfer of Loan Exposure' and 'Know Your Customer (KYC)'. RBI recorded that the company failed to submit customer credit information to any CIC, transferred a loan exposure to an entity not permitted under the directions, failed to assign Unique Customer Identification Codes (UCIC) to customers, and failed to carry out risk categorisation of customers. The penalty was imposed under Section 25(1)(iii) read with Section 23(4) of the Credit Information Companies (Regulation) Act, 2005 and Section 58G(1)(b) read with Section 58B(5)(aa) of the RBI Act, 1934.
Operating Impact
The company must absorb the monetary penalty, and the order may be followed by any other action RBI deems appropriate. No explicit business restriction or suspension is imposed in this release, so normal operations continue subject to compliance obligations.
Regulatory Basis
- 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
Action Facts
- Primary Impact
- Fine: Rs 2.40 L
- Order Date
- 23 Dec 2025
- Effective From
- 23 Dec 2025
- Entities Affected
- 1
- Entity Role
- Primary
- Entity Type
- NBFC