India, Dec. 29 -- The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 2.40 lakh on Valuecorp Securities & Finance Limited for non-compliance with certain regulatory directions related to submission of data to Credit Information Companies, transfer of loan exposure, and Know Your Customer (KYC) norms.
The penalty was levied through an order dated December 23, 2025, in exercise of powers under the Credit Information Companies (Regulation) Act, 2005 and the Reserve Bank of India Act, 1934. The action followed a statutory inspection of the company conducted with reference to its financial position as on March 31, 2024.
Based on supervisory findings, RBI issued a show-cause notice to the company, seeking an explanation for the...