Board notes RBI supervisory letter, directs corrective measures
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The Board of Rajkot Investment Trust considered a supervisory letter from RBI dated July 15, 2026, issued after an inspection of the company's financial position as on March 31, 2026. The Board reviewed management's response and explanations on the observations raised, and directed the management to implement corrective and remedial steps, strengthen internal controls and risk management, and submit point-wise compliance to RBI within the prescribed timeline.
RBI raised supervisory observations on the company's financials. Management must implement corrective steps and file compliance with RBI. No penalty disclosed yet, but governance risk remains.