Case Brief
RBI, by order dated January 02, 2026, imposed a monetary penalty of Rs 10,000 on Shaha Finlease Private Limited, Mumbai. The penalty was levied after an onsite scrutiny and subsequent show-cause process, where RBI found that the company had failed to put in place a system for periodical review of compliance with the Fair Practices Code. The action was taken under Section 58G(1)(b) read with Section 58B(5)(aa) of the RBI Act, 1934.
Action Snapshot
- Primary Impact
- Fine: Rs 10,000
- Entity Type
- NBFC
- Location
- Mumbai
- Order Date