Regulatory Alerts2026-06-05
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RBI imposes monetary penalty on Puran Associates Private Limited
The Reserve Bank of India imposed a monetary penalty of ₹3.10 lakh on Puran Associates Private Limited for failing to reclassify certain accounts as non-performing assets upon restructuring. This enforcement action stems from a statutory inspection conducted with reference to the company's financial position as of March 31, 2025, and follows a show-cause notice and personal hearing. The penalty was levied under Section 58G(1)(b) read with Section 58B(5)(aa) of the Reserve Bank of India Act, 1934, for non-compliance with RBI directions on asset classification.
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