India, April 2 -- The Reserve Bank of India has levied a monetary penalty of Rs 10.30 lakh on Exclusive Capital Limited for non-compliance with regulatory guidelines.
The penalty, imposed through an order dated March 27, 2026, relates to violations of RBI directions on leverage ratio norms, timely filing of supervisory returns, and submission of the company's balance sheet.
RBI stated that its supervisory review and subsequent correspondence revealed multiple compliance gaps. Despite being issued a show-cause notice and given an opportunity to respond, the central bank found the charges substantiated.
Specifically, the company breached the prescribed leverage ratio limits, failed to submit supervisory returns within stipulated timelines,...