RBI imposes monetary penalty on Infinity Fincorp Solutions Private Limited

Case Brief

RBI imposed a monetary penalty on Infinity Fincorp Solutions Private Limited by order dated August 03, 2026. The penalty was imposed after a statutory inspection and a show-cause process that found the company had not complied with certain provisions of the RBI’s KYC Directions and Fair Practice Code directions. RBI sustained charges that the company failed to periodically review the risk categorisation of accounts at least once in six months and failed to disclose the risk-gradation approach and rationale for different interest rates in application forms and sanction letters. The penalty was imposed under the RBI Act, 1934 and does not pronounce on the validity of any customer transaction or agreement.