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RBI Fines Ayodhya Finlease Rs 1 Lakh for NBFC Rule Breach

26 August 20251 min read
BANKING & FINANCERBI Fines AyodhyaFinlease Rs 1 Lakhfor NBFC RuleBreach26 August 2025safalsetu.com

Why in the news

The central bank penalised a small non-banking lender for altering its ownership without the regulator’s approval.

Key facts

  • Directions breached: NBFC Master Directions, 2016 and NBFC Scale-Based Regulation Directions, 2023.
  • Trigger: a shareholding change above 26% needs prior written approval.

Significance

  • Shows RBI’s firm stance on ownership and control changes at NBFCs.

Exam angle

  • Amount: Rs 1 lakh; threshold: 26%.
  • Statute: RBI Act, 1934.

Test yourself

1. What monetary penalty did RBI impose on Ayodhya Finlease Limited?

The penalty was Rs 1 lakh.

2. RBI fined Ayodhya Finlease for a shareholding change exceeding what share of paid-up equity capital without prior approval?

A change above 26% required prior written RBI approval.

3. Under which Act did RBI penalise Ayodhya Finlease Limited?

Sections 58G and 58B of the RBI Act, 1934 were invoked.

This topic is part of Daily Current Affairs 26 August 2025 (15 topics).

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