Reserve Bank of India imposes fines on three financial entities

Source:The Economic Times

02 — Who / Subject

Reserve Bank of India, City Union Bank, Mintifi Finserve, Newa Investments

03 — Where / Locus

India

04 — When / Temporality

May 22, 2026

Verified: May 22, 2026

05 — Why / Core Summary

"The RBI fined City Union Bank, Mintifi Finserve, and Newa Investments. Reasons include incorrect loan charges, delayed KYC uploads, and unauthorized director appointments."

Conflict Analysis

Regulatory enforcement action by the Indian central bank to ensure compliance.

Post

COMPAMIR

COMPAMIR

Reserve Bank of India imposes fines on three financial entities