RBI · Enforcement
RBI penalises Avail Financial Services ₹6.20 lakh for governance, concentration norm breaches
The central bank imposed a fine for violations of governance and credit concentration norms after supervision.
What changed
- RBI imposes ₹6.20 lakh penalty on Avail Financial Services
- MD held directorships in two other NBFCs-Middle Layer
- Company breached single party exposure limit
The read
The Reserve Bank of India (RBI) penalised Avail Financial Services ₹6.20 lakh for failing to comply with its governance and credit concentration norms. The statutory inspection, referencing the company's financials as of March 31, 2025, revealed that the managing director held directorships in two other NBFCs in the Middle Layer, violating regulatory limits. The firm also exceeded the single party exposure ceiling. The penalty was levied under section 58G(1)(b) read with section 58B(5)(aa) of the RBI Act.
Key numbers
- Penalty: ₹6.20 lakh
- Inspection reference date: March 31, 2025
- Order date: July 10, 2026
Primary source: rbi.org.in