Regulatory Alerts2026-09-04
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RBI imposes monetary penalty on Sammaan Finserve Limited
The Reserve Bank of India imposed a monetary penalty of ₹4.20 lakh on Sammaan Finserve Limited for failing to report credit information of its borrowers to the Central Repository of Information on Large Credits (CRILC). This penalty was issued under Section 58G(1)(b) read with Section 58B(5)(aa) of the Reserve Bank of India Act, 1934, following a statutory inspection of the company's financial position as of March 31, 2025. The action is based on supervisory findings of non-compliance with RBI directions on early recognition of stress and CRILC reporting.
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