Penalty

The order added that the interconnectedness and interdependency of the depositories pose broader implications for cyber risk

The Reserve Bank of India (RBI) on Friday announced that it has imposed monetary penalties on six companies, including non-bank lender Muthoot Finance, for non-compliance with various regulatory norms. The central bank imposed a Rs 5.80 lakh penalty on Muthoot Finance, Rs 3.10 lakh each on Satya MicroCapital and PAN Emami Cosmed, Rs 2.70 lakh each on Dhani Loans and Services and Muthoot Vehicle and Asset Finance, and Rs 6.20 lakh on Avail Financial Services, notifications said. Muthoot Finance was penalised for failing to put in place a system of periodic review of risk categorisation of accounts and non-deployment of robust software for effective identification and reporting of suspicious transactions, the RBI said. The monetary penalty on Avail Financial Services was imposed as the managing director of the company held directorship in two other NBFCs-Middle Layer, and the company had breached the regulatory single party exposure limit. The central bank imposed a monetary penalty

RBI's penalties on regulated entities fell to a five-year low of ₹26.33 crore in FY26, with enforcement action taken against 241 entities

Odisha alleges unauthorised extraction from Bheden river for nearly a year; Vedanta denies wrongdoing, says assessment is flawed and operations comply with norms

Sebi has fined Coffee Day Enterprises and nine individuals for alleged financial misstatements, stating the company understated losses by not accounting for over ₹489 crore in interest expenses

The Reserve Bank of India (RBI) on Friday imposed monetary penalties on Bank of Maharashtra, DCB Bank and CSB Bank for non-compliance with directions. The central bank imposed Rs 32.50 lakh fine on Bank of Maharashtra, Rs 29.60 lakh on DCB Bank, and Rs 63.60 lakh on CSB Bank, RBI said in a release. The RBI also penalised Navi Finserv with Rs 3.80 lakh, and slapped a Rs 5.30 lakh fine on IIFL Finance, the release added. The monetary penalty on the Bank of Maharashtra was imposed, as the lender did not report Self Help Group member-level data to credit information companies and did not identify beneficial owners in certain accounts. CSB Bank was penalised as it entered into an arrangement with business correspondents for undertaking activities outside the scope of activities that can be undertaken by them, and levying charges in certain savings bank accounts without ensuring that customers were made aware of such charges upfront, the RBI said. In the case of DCB Bank, the RBI found

The Union Budget 2026-27 proposes a penalty framework for crypto-asset reporting, including daily fines for non-filing and a flat ₹50,000 penalty for inaccurate disclosures, effective April 1, 2026

Budget 2026 signals a shift towards trust-based taxation by easing penalties, limiting prosecution for small and technical lapses

The DGCA imposed a record penalty of ₹22.20 crore on IndiGo for regulatory non-compliance, mainly linked to failures in implementing revised Flight Duty Time Limitation (FDTL) norms

IndiGo on Friday said an appellate authority has rejected its appeal against regulator DGCA's penalties on two senior executives of the airline for alleged failure to use qualified simulators for pilot training at certain airports. In September last year, the Directorate General of Civil Aviation (DGCA) imposed a fine of Rs 20 lakh each on the Director Flight Operations and Director Training of IndiGo. The DGCA Appellate Authority, through an order dated January 7, has dismissed the appeal. "The matter has been disposed of by reinstating the penalty of Rs 20 lakh each on the Director Flight Operations and Director Training of the company," IndiGo's parent InterGlobe Aviation said in a filing to BSE. The watchdog had imposed the penalty for the airline's alleged failure to use qualified simulators for pilot training at Category C aerodromes. Generally, pilots require additional training for operating flights to and from Category C airports as they might have operational ...

Regulator finds lapses not serious enough for penalty

IndiGo parent InterGlobe Aviation said it is in the process of contesting the order before an appellate authority and that there has been no material impact on its financials due to the DGCA order

The order comes after the state-owned insurer was accused of having failed to pay taxes on premiums it received in its co-insurance business

The company is accused of wrongly taking CENVAT credit, which is a type of tax credit businesses can claim for taxes paid on equipment or capital goods

The Hong Kong Monetary Authority imposes a penalty on Indian Overseas Bank's Hong Kong branch for violating anti-money laundering regulations from May 2021 to January 2024

The Reserve Bank of India imposed a penalty of ₹2.70 lakh on Shriram Finance and ₹4.88 lakh on HDFC Bank for violating regulatory norms

Sebi's Kamlesh Varshney says penalty rationalisation for brokers is likely soon and that a common reporting portal and designated exchange for penalties are under review

Ferrari SF90 Stradale, registered in Maharashtra, seized in Bengaluru for unpaid Karnataka road tax; owner clears ₹1.42 crore dues after RTO finds car used for over 18 months

The tribunal said Sebi caused reputational and financial damage to Mokashi and wasted judicial time, while ignoring Justice BN Srikrishna's exoneration in the ratings case

The dispute originated from an input tax credit (ITC) issue involving Rs 70 crore, which tax authorities alleged Shemaroo had falsely claimed