Document title: RBI imposes monetary penalty on Satya MicroCapital Limited
Issuing authority: Reserve Bank of India (RBI)
Reference number: Press Release: 2026-2027/699
Date: July 17, 2026
Regulatory and Policy Measures
The RBI, by an order dated July 13, 2026, imposed a monetary penalty of ₹3.10 lakh (Rupees Three Lakh Ten Thousand only) on Satya MicroCapital Limited for non‑compliance with RBI directions on asset classification. The penalty is imposed under the powers conferred by Section 58G(1)(b) read with Section 58B(5)(aa) of the Reserve Bank of India Act, 1934.
A statutory inspection of the company was conducted with reference to its financial position as on 31 March 2025. Following supervisory findings of non‑compliance and related correspondence, the RBI issued a show‑cause notice requiring the company to explain why the penalty should not be imposed. After reviewing the company’s written reply and oral submissions made during a personal hearing, the RBI sustained the charge that the company failed to classify certain restructured accounts as non‑performing assets.
The RBI clarified that the penalty is based solely on deficiencies in regulatory compliance and does not constitute a judgment on the validity of any transaction or agreement entered into by the company with its customers. The monetary penalty is imposed without prejudice to any other action that the RBI may initiate against the company in the future.
Chief General Manager Brij Raj signed the press release.