India, March 25 -- The Reserve Bank of India (RBI) has, by an order dated March 16, 2026, imposed a monetary penalty of ?30,000/- (Rupees Thirty Thousand Only) on Vedvyas Finance Private Limited, Odisha (Company) for non-compliance with certain -directions issued by RBI on 'Governance'. 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 correspondence pertaining to the intimation of appointment of a director, revealed non-compliance with RBI directions. Based on the same, a notice was issued to the Company advising it to show cause as to why penalty should not be imposed on it for its failure to comply with the said directions.A...