Regulatory Alerts2026-08-14
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RBI imposes monetary penalty on Fusion Finance Limited
The Reserve Bank of India imposed a monetary penalty of ₹2.70 lakh on Fusion Finance Limited for non-compliance with the Reserve Bank of India (Know Your Customer (KYC)) Directions. The penalty stems from the company's failure to implement a system for the periodic review of risk categorization of accounts at least once every six months. This action was taken following a statutory inspection and a show-cause notice, and is without prejudice to any other regulatory actions.
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