RBI imposes monetary penalty on Valuefin India Credit Services Private Limited
India, Aug. 13 -- The Reserve Bank of India (RBI) has, by an order dated August 11, 2026, imposed a monetary penalty of Rs. 1.80 lakh (Rupees One Lakh and Eighty Thousand only) on Valuefin India Credit Services Private Limited (the company), for non-compliance with certain directions issued by RBI on 'Acquisition of Shareholding or Control'. 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 RBI Act, 1934.The correspondence between RBI and the company, pertaining to post-facto approval for acquisition of shareholding / control of more than 26 per cent of the paid-up equity capital of the company by new investors, revealed non-compliance with RBI directions. Based ...
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