RegAlertEnforcement · RBI · 5 Jun 2026
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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( 330 kb ) Date : Jun 05, 2026 RBI imposes monetary penalty on Puran Associates Private Limited
The Reserve Bank of India (RBI) has, by an order dated May 27, 2026, imposed a monetary penalty of ₹3.10 lakh (Rupees Three Lakh Ten Thousand only) on Puran Associates Private Limited (the company) for non-compliance with certain provisions of the RBI directions on ‘Asset Classification’. This penalty has been imposed in exercise of powers conferred on RBI under Section 58G(1)(b) read with Section 58B(5)(aa) of the Reserve Bank of India Act, 1934.
The statutory inspection of the company was conducted by RBI with reference to its financial position as on March 31, 2025. Based on the supervisory findings of non-compliance with RBI directions and related correspondence in that regard, a notice was issued to the company advising it to show cause as to why penalty should not be imposed on it for failure to comply with the said directions.
After considering the company’s reply to the notice and oral submissions made during the personal hearing, RBI found, inter alia, that the following charge against the company was sustained, warranting imposition of monetary penalty:
The company failed to reclassify certain accounts as ‘non-performing assets’ upon restructuring.
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the company with its customers. Further, imposition of this monetary penalty is without prejudice to any other action that may be initiated by RBI against the company.
(Brij Raj)
Chief General Manager
Press Release: 2026-2027/397
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“This penalty has been imposed in exercise of powers conferred on RBI under Section 58G(1)(b) read with Section 58B(5)(aa) of the Reserve Bank of India Act, 1934.”
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