India, March 28 -- The Reserve Bank of India (RBI) has, by an order dated March 27, 2025, imposed a monetary penalty of Rs. 50,000/- (Rupees Fifty thousand only) on Purvaja Fincap Pvt. Ltd., Tamil Nadu (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 58 G(1)(b) read with Section 58B(5)(aa) of the Reserve Bank of India Act, 1934.The correspondence pertaining to the pre-mature redemption of Subordinated Debts revealed, inter-alia, non-compliance with RBI directions. Based on the same, a notice was issued ...