Monetary Penalty on Sammaan Finserve Limited
RBI press-release 2026-2027/1044 · 04 Sept 2026
Official title
RBI imposes monetary penalty on Sammaan Finserve Limited
Summary
Check the official recordWhat changed
The Reserve Bank of India imposes a monetary penalty of ₹4.20 lakh on Sammaan Finserve Limited. The company failed to report credit information of its borrower to the Central Repository of Information on Large Credits. This action follows a statutory inspection of the company financial position as of March 31, 2025. The Reserve Bank of India issued a show cause notice to the company regarding the non-compliance. The company provided a reply and made oral submissions during a personal hearing. The Reserve Bank of India determined the charge of non-compliance was sustained. This penalty is not a judgment on the validity of any transaction or agreement between the company and its customers.
Key dates
- Date of the order imposing the penalty
- 31 Aug 2026
Who is affected
- Sammaan Finserve Limited
Document text
September 04, 2026
RBI imposes monetary penalty on Sammaan Finserve Limited
The Reserve Bank of India (RBI) has, by an order dated August 31, 2026, imposed a monetary penalty of ₹4.20 lakh (Rupees Four Lakh Twenty Thousand only) on Sammaan Finserve Limited (the company) for non-compliance with certain provisions of the directions issued by RBI on ‘Early Recognition of Stress and Reporting to Central Repository of Information on Large Credits (CRILC)’. 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 that the following charge against the company was sustained, warranting imposition of monetary penalty:
The company failed to report credit information of its borrower to Central Repository of Information on Large Credits (CRILC).
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)
Chief General Manager
Press Release: 2026-2027/1044
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भारतीय ᳯरज़वर् बᱹक
RESERVE BANK OF INDIA
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Source details
- Source
- Reserve Bank of India
- Type
- press-release
- Published by source
- 04 Sept 2026
- Document number
- 2026-2027/1044
- Issuing division
- Department of Communication
- Coverage area
- banking