Reserve Bank of India (RBI) has, by an order dated December 29, 2025, imposed a monetary penalty of Rs 40,000 on Sankhya Financial Services Private Limited, Mumbai, for non-compliance with RBI guidelines on the purchase/sale of non-performing assets (NPAs).
The penalty has been levied under Section 58G(1)(b) read with Section 58B(5)(aa) of the Reserve Bank of India Act, 1934.
RBI conducted a scrutiny following a complaint related to the assignment of stressed assets to an ineligible entity, which revealed regulatory non-compliance. A show-cause notice was subsequently issued to the company. After reviewing the company’s written reply and oral submissions during the personal hearing, RBI concluded that the company had assigned a non-performing asset to an ineligible entity, warranting the imposition of the penalty.
RBI clarified that the action is based on regulatory compliance deficiencies and does not comment on the validity of any transaction or agreement entered into by the company with its customers. The penalty is without prejudice to any other action that may be initiated by RBI against the company.