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NotificationRBIFriday, 21 August 2026NEW

RBI imposes monetary penalty on Shri Ram Finance Corporation Private Limited

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Citations are auto-generated; verify before publishing. The notification classification is PolicyDhara's, not the source's.

Official government notification — a formal executive order that operationalises policy decisions. Carries legal weight and specifies rules, dates, exemptions, or procedural requirements.

Summary

The Reserve Bank of India (RBI) has, by an order dated August 19, 2026, imposed a monetary penalty of ₹8.10 lakh (Rupees Eight Lakh Ten Thousand only) on Shri Ram Finance Corporation Private Limited (the company) for non-compliance with certain provisions of the directions issued by RBI on ‘Governance’ and the ‘Reserve Bank of India (Know Your Customer (KYC)) Directions’. This penalty has been imposed in exercise of powers conferred on RBI under section 58G(1)(b) re

Key Facts

TypeNotification
SourceReserve Bank of India
PublishedFriday, 21 August 2026
Affected Population1.4 billion citizens, 63 million MSMEs

Key Numbers

GDP: $3.9 trillion (2025 est.)
Fiscal deficit target: 4.4% of GDP
GST collection: Rs 1.87 lakh crore/month avg
PM-JAY: 55 crore beneficiaries

Key Authorities

Ministry of FinanceRBISEBIDEAMinistry of Social Justice & Empowerment

Key Stakeholders

TaxpayersBanks & NBFCsInvestorsBPL FamiliesSenior CitizensPersons with Disabilities

Government Context

NDA IIIBJP-led NDA
Centre-Right
LeftCentreRight

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