RBI imposes Rs 6.20 lakh penalty on Northern Arc Capital for disclosure lapses
NORTHARC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.5 pts less than Nifty Microcap 250 and 1.1 pts less than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
RBI imposed a penalty of Rs 6.20 lakhs on Northern Arc Capital through a speaking order dated August 14, 2026. The issue concerns the company financial position as of March 31, 2025. Violations: disclosed only 938 customer complaints versus 23,956 required in financial statements, and failed to auto-escalate 11,109 rejected complaints to the Internal Ombudsman. Company has taken corrective action.
Minor financial impact at Rs 6.20 lakhs. Highlights compliance gaps in customer complaint disclosures and internal ombudsman process.