India, May 25 -- Reserve Bank of India has imposed a monetary penalty of Rs 2.70 lakh on Newa Investments Private Limited for non-compliance with certain governance-related directions issued by the central bank.
According to RBI, the penalty was imposed through an order dated May 15, 2026, under the provisions of the Reserve Bank of India Act, 1934.
The action follows a statutory inspection conducted by RBI with reference to the company's financial position as of March 31, 2025. Based on supervisory findings and subsequent correspondence, the central bank issued a show-cause notice asking the company to explain why a penalty should not be levied for regulatory non-compliance.
After reviewing the company's written response and oral submis...