Regulatory Alerts2026-08-14
Added
RBI imposes monetary penalty on Northern Arc Capital Limited
The Reserve Bank of India imposes a monetary penalty of ₹6.20 lakh on Northern Arc Capital Limited for non-compliance with directions on disclosures in financial statements and internal ombudsman procedures. The penalty addresses the company's failure to disclose correct and complete information about customer complaints in its Annual Financial Statements for the financial year 2024-25 and its failure to ensure auto-escalation of rejected complaints to its Internal Ombudsman. This action is based on supervisory findings from a statutory inspection of the company's financial position as on March 31, 2025.
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