PRIMARYRBI Press Releases·12 Jun 2026negative

RBI imposes monetary penalty on True Credits Private Limited

AI Summary

·RBI imposed a penalty of ₹3.10 lakh on True Credits Private Limited.
·The penalty was for non-compliance with RBI's Know Your Customer (KYC) Directions.
·The inspection was conducted with reference to the company's financial position as on March 31, 2025.