Monetary Penalty on Infinity Fincorp Solutions Private Limited
RBI press-release 2026-2027/841 · 07 Aug 2026
Official title
RBI imposes monetary penalty on Infinity Fincorp Solutions Private Limited
RBI press-release 2026-2027/841 · 07 Aug 2026
Official title
RBI imposes monetary penalty on Infinity Fincorp Solutions Private Limited
Summary
Check the official recordThe Reserve Bank of India has imposed a monetary penalty of ₹5.40 lakh on Infinity Fincorp Solutions Private Limited for non-compliance with KYC Directions and Fair Practice Code directions. The penalty follows a statutory inspection of the company's financial position as of March 31, 2025. The RBI determined that the company failed to implement a system for periodic review of risk categorization of accounts at least once every six months and failed to disclose its risk gradation approach and interest rate rationale in application forms and sanction letters. This action is based on regulatory compliance deficiencies and does not affect the validity of the company's existing customer agreements.
Key dates
Who is affected
Thresholds
If you do not comply
August 7, 2026
RBI imposes monetary penalty on Infinity Fincorp Solutions Private Limited
The Reserve Bank of India (RBI) has, by an order dated August 03, 2026, imposed a monetary penalty of ₹5.40 lakh (Rupees Five lakh forty thousand only) on Infinity Fincorp Solutions Private Limited (the company) for non-compliance with certain provisions of the ‘Reserve Bank of India (Know Your Customer (KYC)) Directions’ and the directions issued by RBI on ‘Fair Practice Code’. This penalty has been imposed in exercise of powers conferred on RBI under section 58(G)(1)(b) read with section 58(B)(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 that the following charges against the company were sustained, warranting imposition of monetary penalty:
i. 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; and ii. The company failed to disclose the approach for gradation of risk and rationale for charging different rate of interest to different categories of borrowers in the application forms and the sanction letters.
The 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 monetary penalty is without prejudice to any other action that may be initiated by RBI against the company.
(Brij Raj) Press Release: 2026-2027/841 Chief General Manager ᮧेस ᮧकाशनी PRESS RELEASE
भारतीय ᳯरज़वर् बᱹक
RESERVE BANK OF INDIA
वेबसाइट : 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