Case Brief
The Reserve Bank of India imposed a monetary penalty on Shriram Finance Limited by order dated July 08, 2025. The action followed a statutory inspection and a show-cause process, after which RBI concluded that the company had violated the RBI (Digital Lending) Directions, 2025 by routing loan repayments through a third-party account rather than allowing borrowers to credit repayments directly to the company’s account. RBI stated that the penalty was imposed under its powers under the RBI Act, 1934 and that the order was without prejudice to any other action that may be initiated.
Action Snapshot
- Primary Impact
- Fine: Rs 2.70 L
- Entity Type
- NBFC
- Action Type
- Monetary penalty