RBI imposed a fine of Rs 6.20 lakh on Five Star Business Finance

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RBI imposed a fine of Rs 6.20 lakh on Five Star Business Finance — Five Star fined by RBI

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Highlights

On June 18, 2026, RBI imposed a penalty of Rs 6.20 lakh on Five Star Business Finance for violation of the Reserve Bank of India Act.
The company failed to comply with KYC and Fair Practice Code guidelines, reporting of suspicious transactions, and risk categorization/interest disclosure.
RBI's action focuses on operational deficiencies, does not affect the validity of transactions, and highlights the risk of stricter regulatory measures in the future.

This article was translated from the original. Read the original version by our correspondent here.

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