RBI Imposes ₹1.80 Lakh Penalty on AKG Infin
Moneylife Digital Team 22 May 2026
Reserve Bank of India (RBI) has imposed a penalty of ₹1.80 lakh on Mumbai-based AKG Infin Pvt Ltd, a non-banking financial company (NBFC), for non-compliance with certain directions related to the acquisition of shareholding or control.
 
During its statutory inspection, RBI observed that AKG Infin had failed to obtain prior written permission from the central bank for a change in shareholding exceeding 26% of its paid-up equity capital.
 
After considering the NBFC’s reply and oral submissions made during the personal hearing, RBI concluded that the non-compliance with its directions was substantiated and warranted the imposition of a monetary penalty.
 
RBI clarified that the penalty imposed on AKG Infin is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the company with its customers.
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