Regulatory Alerts2026-08-07
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RBI imposes monetary penalty on Infinity Fincorp Solutions Private Limited
The Reserve Bank of India imposed a monetary penalty of ₹5.40 lakh on Infinity Fincorp Solutions Private Limited for non-compliance with the Reserve Bank of India (Know Your Customer (KYC)) Directions and Fair Practice Code directions. The penalty addresses the company's failure to implement a periodic risk categorization review system at least once every six months and its omission of risk gradation approaches and interest rate rationales in application forms and sanction letters. This action is based on supervisory findings from a statutory inspection conducted with reference to the company's financial position as of March 31, 2025.
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