Live

Registry — Vantage Bank Texas (US) added to the registry Enforcement — Monetary Penalty issued against Shri Ram Finance Corporation Private Limited · RBI · Aug 22, 2026 Partnership — Saudi Arabia's SAMA Grants Vision Bank Non-Objection for Digital Banking · Aug 23, 2026 Product — Absa Develops Embedded Payment Tool for Township Small Businesses · Aug 22, 2026 M&A — I-Remit Approves P20 Million Capital Infusion Into Surepay Technologies · Aug 22, 2026 Funding — Payload Raises Strategic Investment Led by Fifth Third for Embedded Payments · Aug 23, 2026 Registry — Vantage Bank Texas (US) added to the registry Enforcement — Monetary Penalty issued against Shri Ram Finance Corporation Private Limited · RBI · Aug 22, 2026 Partnership — Saudi Arabia's SAMA Grants Vision Bank Non-Objection for Digital Banking · Aug 23, 2026 Product — Absa Develops Embedded Payment Tool for Township Small Businesses · Aug 22, 2026 M&A — I-Remit Approves P20 Million Capital Infusion Into Surepay Technologies · Aug 22, 2026 Funding — Payload Raises Strategic Investment Led by Fifth Third for Embedded Payments · Aug 23, 2026

Aug 17, 2026RBIFinelow

Fusion Finance Ltd

India

70 lakh penalty on Fusion Finance Ltd for non-compliance with certain provisions of its know-your-customer (KYC) directions. The fine followed a statutory inspection by the RBI. 20 lakh, announced on Aug 17, 2026.

20 lakh for disclosure and internal ombudsman failures. 10 lakh for improperly upgrading non-performing loan accounts to standard status. 20 lakh, for violations related to interest on deposits and synthetic securitisation.

Implications

KYC compliance remains a key focus area for RBI enforcement against NBFCs in the fintech ecosystem
Microfinance and fintech-partnered NBFCs must ensure robust KYC processes to avoid regulatory penalties

Sources

NewsMoneylife
BlogLinkedIn — Vijayakumar

Related

Search Fusion Finance Ltd More actions involving Fusion Finance Ltd All RBI actions Fusion Finance Ltd deals Browse all regulatory actions

Share