CreditAccess Grameen fined ₹3.10 Lakh by RBI for compliance lapse
CreditAccess Grameen Limited received a penalty of ₹3.10 Lakh from the Reserve Bank of India. The penalty was imposed due to the absence of robust software for identifying and reporting suspicious transactions. The company received the order on May 29, 2026.
The penalty amount of ₹3.10 Lakh is relatively small compared to the company's overall financial operations, hence the impact is considered low.
The company has been imposed a penalty by the RBI, which is a negative event.
CreditAccess Grameen Limited has been penalized ₹3.10 Lakh by the Reserve Bank of India (RBI) for failing to have robust software for identifying and reporting suspicious transactions. The penalty order was dated May 25, 2026, and received by the company on May 29, 2026.
The specific contravention cited was the absence of software that throws alerts for transactions inconsistent with customer risk categorization and updated profiles. The financial impact of this penalty is quantified at ₹3.10 Lakh.
This disclosure is made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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CREDITACCESS GRAMEEN LIMITED filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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