Exclusive Capital Fined ₹10.30 Lakh by RBI over Leverage and Reporting Failures
Moneylife Digital Team 01 April 2026
Reserve Bank of India (RBI) has imposed a penalty of ₹10.30 lakh on Exclusive Capital Ltd, a New Delhi-based non-banking financial company (NBFC), for non-compliance with certain directions issued by RBI on leverage ratio, filing of supervisory returns and submission of the balance sheet.
 
The off-site analysis and related correspondence between RBI and Exclusive Capital revealed that the NBFC had breached the permissible leverage ratio limit. It also failed to submit certain supervisory returns to RBI at the prescribed frequency and within the stipulated timelines. Additionally, the company did not furnish its balance sheet to central bank within the required period.
 
After reviewing the NBFC’s written response and oral submissions made during a personal hearing, RBI concluded that the violation of its directions had been substantiated and warranted the imposition of a monetary penalty.
 
RBI says the penalty imposed on Exclusive Capital is based on deficiencies in regulatory compliance and is not intended to pronounce on the validity of any transaction or agreement entered by the banks with their customers.
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