June 05, 2026

RBI imposes monetary penalty on Puran Associates Private Limited

Relevant Extracted Data –

  • RBI imposed a monetary penalty of ₹3.10 lakh on Puran Associates Private Limited for non‑compliance with RBI directions on asset classification.
  • The penalty is based on the company’s failure to reclassify certain restructured accounts as non‑performing assets, as identified in the RBI’s statutory inspection of its financial position as of 31 March 2025.
  • The order was issued under the powers conferred by Section 58G(1)(b) read with Section 58B(5)(aa) of the Reserve Bank of India Act, 1934, dated 27 May 2026.
  • RBI noted that the penalty is imposed without prejudice to any further action that may be initiated against the company.