India, July 17 -- The Reserve Bank of India (RBI) has, by an order dated July 10, 2026, imposed a monetary penalty of Rs. 6.20 lakh (Rupees Six Lakh Twenty Thousand only) on Avail Financial Services Limited (the company) for non-compliance with certain provisions of the directions issued by RBI on 'Governance' and 'Credit/Investment Concentration Norms'. 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 r...