MUMBAI, India, Dec. 29 -- Reserve Bank of India issued the following press release:
The Reserve Bank of India (RBI) has, by an order dated December 23, 2025, imposed a monetary penalty of ₹2.40 lakh (Rupees Two Lakh Forty Thousand only) on Valuecorp Securities & Finance Limited (the company), for non-compliance with certain directions issued by RBI on 'Submission of data to Credit Information Companies', 'Transfer of Loan Exposure' and 'Know Your Customer (KYC)'. This penalty has been imposed in exercise of powers conferred on RBI under Section 25(1)(iii) read with Section 23(4) of the Credit Information Companies (Regulation) Act, 2005 and Section 58G(1)(b) read with Section 58B(5)(aa) of the Reserve Bank of India Act, 1934.
The st...