RBI Imposes ₹50,000 Penalty on Sankhya Financial Services, Shaha Finlease
Moneylife Digital Team 06 January 2026
Reserve Bank of India (RBI) has imposed a total penalty of ₹50,000 on two Mumbai-based non-banking financial companies (NBFCs), for non-compliance with the directions issued by the banking regulator. The highest penalty of ₹40,000 has been imposed on Sankhya Financial Services Pvt Ltd. Shaha Finlease Pvt Ltd has been fined ₹10,000.
 
Sankhya Financial Services has been penalised for non-compliance with certain directions issued by RBI on guidelines on purchase or sale of non-performing assets (NPAs).
 
RBI's statutory inspection observed that Sankhya Financial Services had assigned an NPA to an ineligible entity.
 
Further, Shaha Finlease has been fined for non-compliance with certain directions issued by the RBI on the fair practices code. The NBFC had failed to put in place a system of periodical review of compliance with the fair practices code.
 
In both cases, RBI clarified that the penalties were based on deficiencies in regulatory compliance and were not intended to comment on the validity of any transaction or agreement the companies entered into with their customers.
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