The RBI has imposed a penalty of ₹5.40 lakh on Infinity Fincorp Solutions for violating KYC norms as per its regulatory framework. The penalty reflects the regulatory authority's stringent compliance expectations.
RBI Imposes Penalty on Infinity Fincorp Solutions Pvt Ltd
On August 3, 2026, the Reserve Bank of India imposed a monetary penalty of ₹5.40 lakh on Infinity Fincorp Solutions Private Limited for non-compliance with the 'Reserve Bank of India (Know Your Customer (KYC)) Directions' and guidelines on the 'Fair Practice Code'.
This decision underscores the RBI's commitment to enforce compliance with KYC regulations, which are crucial for preventing financial crimes and ensuring transparency in the financial sector. The penalties are imposed under the powers conferred by section 58(G)(1)(b).
Entities within the financial services industry need to maintain strict compliance with KYC regulations to avoid penalties, which not only have financial implications but can also affect reputation and operational viability.
Citations
- RBI Press Release (2026) RBI Press Release Page