India, March 13 -- The Reserve Bank of India (RBI) has, by an order dated March 03, 2025, imposed a monetary penalty of ?2,00,000/- (Rupees Two Lakh only) on Experian Credit Information Company of India Private Limited (the company) for non-compliance with certain provisions of the Credit Information Companies (Regulation) Act, 2005 [CIC (R) Act] and the Credit Information Companies Rules, 2006 [CIC Rules]. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of clause (iii) of sub-section (1) of Section 25 read with sub-section (4) of Section 23 of the CIC (R) Act.
The statutory inspection of the company was conducted by RBI with reference to its financial position as on March 31, 2023. Based on superv...