Regulatory Alerts2026-09-04
Added
RBI imposes monetary penalty on Equifax Credit Information Services Private Limited
The Reserve Bank of India imposes a monetary penalty of ₹1,19,400 on Equifax Credit Information Services Private Limited for failing to credit compensation amounts to eligible complainants' bank accounts within the prescribed period. This sanction addresses non-compliance with RBI directions on the framework for compensation regarding delayed updation or rectification of credit information. The penalty is levied under Section 25(1)(iii) read with Section 23(4) of the Credit Information Companies (Regulation) Act, 2005, following a statutory inspection and personal hearing.
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