India, Jan. 9 -- The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1 lakh on Pinnacle Capital Solutions Private Limited, Jharkhand, for non-compliance with RBI directions on Default Loss Guarantee (DLG) in digital lending. The penalty was levied through an order dated December 9, 2025, under the provisions of Section 58G(1)(b) read with Section 58B(5)(aa) of the Reserve Bank of India Act, 1934.
The action followed RBI's scrutiny of the company's digital lending operations. Based on supervisory findings, RBI issued a show-cause notice to the company, seeking an explanation for the alleged violations. After examining the company's written response and oral submissions during a personal hearing, the central bank concluded t...