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Leverage Breach, Reporting Lapses & Delayed Filings Trigger ₹10.30 Lakh Fine
Anytime News Network | Pooja Srivastava
In a stern regulatory move, the Reserve Bank of India (RBI) has imposed a monetary penalty of ₹10.30 lakh on Exclusive Capital Limited for multiple compliance failures, raising concerns over the company’s adherence to financial norms.
The penalty, ordered on March 27, 2026, follows an inspection and subsequent correspondence that revealed significant lapses. Among the key violations, the company breached the permissible leverage ratio—a critical indicator of financial risk exposure. It also failed to submit mandatory supervisory returns within prescribed timelines and did not furnish its balance sheet on time.
These violations point to deeper issues in regulatory compliance and governance practices. The RBI had earlier issued a show-cause notice to the company, seeking an explanation. However, after reviewing the written response and oral submissions, the central bank concluded that the charges were substantiated.
The penalty has been imposed under the provisions of the Reserve Bank of India Act, 1934, reinforcing RBI’s authority to act against non-compliant entities. While the central bank clarified that the action does not question the validity of the company’s customer transactions, it underscored that further regulatory action could still follow.
Market experts view this development as a warning signal for NBFCs and financial institutions, highlighting the increasing scrutiny and zero-tolerance approach toward compliance failures.
