RegAlertEnforcement · RBI · 4 Sep 2026
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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( 311 kb ) Date : Sep 04, 2026 RBI imposes monetary penalty on Sammaan Finserve Limited
The Reserve Bank of India (RBI) has, by an order dated August 31, 2026, imposed a monetary penalty of ₹4.20 lakh (Rupees Four Lakh Twenty Thousand only) on Sammaan Finserve Limited (the company) for non-compliance with certain provisions of the directions issued by RBI on ‘Early Recognition of Stress and Reporting to Central Repository of Information on Large Credits (CRILC)’. 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 that the following charge against the company was sustained, warranting imposition of monetary penalty:
The company failed to report credit information of its borrower to Central Repository of Information on Large Credits (CRILC).
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: 2026-2027/1044
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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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