Shriram Finance Limited has informed the Exchange about Imposition of penalty by Reserve Bank of India
SHRIRAMFIN · price
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Shriram Finance has received an order from the Reserve Bank of India dated July 8, 2025, imposing a penalty of Rs. 2.70 lakhs. The penalty is for non-compliance with certain provisions of the RBI Digital Lending Directions, which was observed during a statutory inspection related to the company's financial position as on March 31, 2024. The penalty was imposed under Section 58G(1)(b) read with Section 58B(5)(aa) of the RBI Act, 1934. The company has clarified that there is no material impact on its financial, operational, or other activities due to this penalty. It has also stated that corrective measures have already been taken to align its operations with the applicable directions.
The penalty amount is very small relative to the size of the company and is described as having no material financial or operational impact, so this is unlikely to affect the stock price or shareholder value meaningfully.