RBI imposes monetary penalty on Satya MicroCapital Limited
RBI press-release 2026-2027/699 · 17 Jul 2026
Summary
Check the official recordWhat changed
The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹3.10 lakh on Satya MicroCapital Limited for failing to comply with regulatory directions regarding asset classification. The penalty follows a statutory inspection of the company's financial position as of March 31, 2025, which revealed that the company did not classify certain accounts as 'non-performing assets' after restructuring. The RBI issued a show-cause notice to the company, and after reviewing its written reply and oral submissions, determined that the charge of non-compliance was sustained. This enforcement action is based on regulatory deficiencies and does not affect the validity of the company's customer agreements.
What you must do
- The company was required to respond to a show-cause notice regarding its failure to comply with RBI directions on asset classification.
Key dates
- Reference date for the statutory inspection
- 31 Mar 2025
Document text
July 17, 2026
RBI imposes monetary penalty on Satya MicroCapital Limited
The Reserve Bank of India (RBI) has, by an order dated July 13, 2026, imposed a monetary penalty of ₹3.10 lakh (Rupees Three Lakh Ten Thousand only) on Satya MicroCapital Limited (the company) for non-compliance with certain directions issued by RBI on ‘Asset Classification’. 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 classify certain accounts as ‘non-performing assets’ upon restructuring.
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: 2026-2027/699 Chief General Manager ᮧेस ᮧकाशनी PRESS RELEASE
भारतीय įरज़वर् बैंक
RESERVE BANK OF INDIA
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Source details
- Source
- Reserve Bank of India
- Type
- press-release
- Published by source
- 17 Jul 2026
- Document number
- 2026-2027/699
- Issuing division
- Department of Communication
- Coverage area
- banking