MUMBAI, India, Sept. 4 -- Reserve Bank of India issued the following press release:
The Reserve Bank of India (RBI) has, by an order dated August 31, 2026, imposed a monetary penalty of ₹6,89,600 (Rupees Six lakh eighty nine thousand six hundred only) on CRIF High Mark Credit Information Services Private Limited (the company) for non-compliance with certain provisions of the directions issued by RBI on 'Framework for compensation to customers for delayed updation/ rectification of credit information'. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of section 25(1)(iii) read with section 23(4) of the Credit Information Companies (Regulation) Act, 2005.
The statutory inspection of the company...