India, May 15 -- The Reserve Bank of India (RBI) has, by an order dated May 09, 2025, imposed a monetary penalty of Rs. 50,000/- (Rupees Fifty Thousand only) on Grewal Brothers Finance Company Private Limited, Kerala (the company) for non-compliance with certain provisions of 'Master Direction - Reserve Bank of India (Non-Banking Financial Company-Scale Based Regulation) Directions, 2023' issued by RBI. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 58G(1)(b) read with Section 58B(5)(aa) of the Reserve Bank of India Act, 1934.The correspondence pertaining to the intimation of appointment of directors revealed, inter-alia, non-compliance with RBI directions. Based on the same, a notice wa...