RBI Imposes ₹1 Lakh Penalty on Pinnacle Capital Solutions
Moneylife Digital Team 09 January 2026
Reserve Bank of India (RBI) has imposed a penalty of ₹1 lakh on Jharkhand-based Pinnacle Capital Solutions Pvt Ltd, a non-banking financial company (NBFC), for non-compliance with the directions issued by RBI on default loss guarantee (DLG) in digital lending.
 
RBI's statutory inspection revealed that Pinnacle Capital Solutions had obtained a default loss guarantee from a lending service provider, which exceeded 5% of the outstanding loan portfolio amount.
 
After considering the reply and oral submissions of the NBFC during the personal hearing, RBI states that it has concluded that the non-compliance with its directions was substantiated and warranted the imposition of a monetary penalty.
 
RBI says the penalty imposed on Pinnacle Capital Solutions is based on deficiencies in regulatory compliance and is not intended to pronounce on the validity of any transaction or agreement entered by the banks with their customers
 
Comments
Free Helpline
Legal Credit
Feedback