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RBI13 Aug 2026press-releasePrepared by Complied AI

Monetary Penalty on Fusion Finance Limited

RBI press-release 2026-2027/898 · 13 Aug 2026

Official title

RBI imposes monetary penalty on Fusion Finance Limited

Official record

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Summary

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What changed

The Reserve Bank of India imposes a monetary penalty of 2.70 lakh rupees on Fusion Finance Limited. The company failed to perform a periodic review of risk categorization for accounts at least once every six months. This action follows a statutory inspection of the company financial position as of March 31, 2025. The Reserve Bank of India issued a notice to the company for non-compliance with Know Your Customer directions. The company provided a reply and attended a personal hearing. The Reserve Bank of India determined the charge of non-compliance was valid. This penalty does not affect the validity of any transaction or agreement between the company and its customers.

Who is affected
  • Fusion Finance Limited
Key dates
  • Date of the order imposing the penalty — 13 Aug 2026
Thresholds
  • The company must review risk categorization of accounts at least once in six months.
Consequences
  • The Reserve Bank of India imposes a monetary penalty of 2.70 lakh rupees.

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Source details

Source
Reserve Bank of India
Type
press-release
Published by source
13 Aug 2026
Document number
2026-2027/898
Issuing division
Department of Communication
Coverage area
banking

Document text

Prepared for reading; wording retained from the source.

Verify official record

August 14, 2026

RBI imposes monetary penalty on Fusion Finance Limited

The Reserve Bank of India (RBI) has, by an order dated August 14, 2026, imposed a monetary penalty of ₹2.70 lakh (Rupees Two Lakh Seventy Thousand only) on Fusion Finance Limited (the company) for non-compliance with certain provisions of ‘Reserve Bank of India (Know Your Customer (KYC)) Directions’ issued by RBI. This penalty has been imposed in exercise of powers conferred on RBI under Section 58G(1)(b) read with Section 58B(5)(aa) of the Reserve Bank of India Act, 1934.

The statutory inspection of the company was conducted by RBI with reference to its financial position as on March 31, 2025. Based on the supervisory findings of non- compliance with RBI directions and related correspondence in that regard, a notice was issued to the company advising it to show cause as to why penalty should not be imposed on it for failure to comply with the said directions.

After considering the company’s reply to the notice and oral submissions made during the personal hearing, RBI found, inter alia, that the following charge against the company was sustained, warranting imposition of monetary penalty:

The company failed to put in place a system of periodic review of risk categorisation of accounts, with such periodicity being at least once in six months.

This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the company with its customers. Further, imposition of this monetary penalty is without prejudice to any other action that may be initiated by RBI against the company.

(Brij Raj)

Press Release: 2026-2027/898 Chief General Manager ᮧेस ᮧकाशनी PRESS RELEASE

भारतीय ᳯरज़वर् बᱹक

RESERVE BANK OF INDIA

0वेबसाइट : www.rbi.org.in/hindi संचार िवभाग, कᱶᮤीय कायार्लय, शहीद भगत ᳲसंह मागर्, फोटर्, मुंबई - 400 001 Website : www.rbi.org.in Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort, ई-मेल/email : helpdoc@rbi.org.in Mumbai - 400 001 फोन/Phone: 022 - 2266 0502

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