# RBI fines four financial firms for rule violations 2026-08-14T14:58:52+00:00 | Governance | Indian Opinion Desk Corroboration: 1 independent outlet The Reserve Bank of India imposed penalties totalling over Rs 71 lakh on four financial entities for regulatory non-compliance. Northern Arc Capital Ltd was fined Rs 6.20 lakh for incorrect customer complaint disclosures and failing to auto-escalate grievances to its Internal Ombudsman. Muthoot MCred Ltd, formerly Muthoottu Mini Financiers, was penalised Rs 3.10 lakh for upgrading non-performing assets without receiving full arrears payment. Fusion Finance Ltd was fined Rs 2.70 lakh for not conducting mandatory half-yearly risk category reviews. IndusInd Bank Ltd received the largest penalty of Rs 59.20 lakh for paying interest on current account deposits and engaging in synthetic securitisation. All inspections were based on financial positions as of March 31, 2025. The RBI stated the actions are based on compliance deficiencies and not judgments on customer transactions. ## Coverage - rbi.org.in - rbi.org.in - rbi.org.in - rbi.org.in Tags: Fusion Finance, IndusInd Bank, Muthoot MCred, Northern Arc Capital, RBI Canonical: https://indianopinion.org/rbi-fines-four-financial-firms-for-rule-violations/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/rbi-fines-four-financial-firms-for-rule-violations/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.