Case Brief
RBI, by order dated May 27, 2026, imposed a monetary penalty on Puran Associates Private Limited after a statutory inspection and subsequent show-cause process. The company was found to have failed to comply with RBI directions on asset classification, specifically by not reclassifying certain accounts as non-performing assets upon restructuring. The penalty was imposed under Section 58G(1)(b) read with Section 58B(5)(aa) of the RBI Act, 1934.
Action Snapshot
- Primary Impact
- Fine: Rs 3.10 L
- Entity Type
- NBFC
- Action Type
- Monetary penalty
- Order Date