Regulatory Alerts2026-09-04
Added
RBI imposes monetary penalty on CRIF High Mark Credit Information Services Private Limited
The Reserve Bank of India imposes a monetary penalty of ₹6,89,600 on CRIF High Mark Credit Information Services Private Limited for failing to credit compensation amounts to eligible complainants' bank accounts within the prescribed period. This penalty is levied under sections 25(1)(iii) and 23(4) of the Credit Information Companies (Regulation) Act, 2005, following a statutory inspection of the company's financial position as of March 31, 2025. The action is based on supervisory findings of non-compliance with RBI directions regarding the framework for compensation for delayed updation or rectification of credit information.
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