Reserve Bank of IndiaFinelow

Fusion Finance Limited

India

70 lakh on Aug 14, 2026, for non-compliance with KYC periodic review requirements. The regulator found the company lacked a system for reviewing customer risk categorisation at least once every six months, as required under RBI KYC Directions. The lapse was identified during a statutory inspection covering the financial year ended Mar 31, 2025.

Fusion Finance disclosed the penalty in a letter dated Aug 15, 2026, addressed to the National Stock Exchange and BSE Limited. The company said it had rectified the issue in May 2026 by establishing the required review framework. Fusion Finance stated the fine has no material impact on its financial position or operations.

Implications
  1. Reinforces RBI's strict enforcement stance on KYC compliance for financial services firms
  2. Signals that even minor periodic review lapses can attract regulatory penalties in India's financial sector
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