The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 2.40 lakh on Valuecorp Securities & Finance Limited for non-compliance with certain regulatory directions related to submission of data to Credit Information Companies, transfer of loan exposure, and Know Your Customer (KYC) norms.

The penalty was levied through an order dated December 23, 2025, in exercise of powers under the Credit Information Companies (Regulation) Act, 2005 and the Reserve Bank of India Act, 1934. The action followed a statutory inspection of the company conducted with reference to its financial position as on March 31, 2024.

Based on supervisory findings, RBI issued a show-cause notice to the company, seeking an explanation for the observed non-compliances. After considering the company’s written reply and oral submissions during a personal hearing, the central bank concluded that the violations warranted the imposition of a monetary penalty.

According to RBI, the company failed to submit customer credit information to any Credit Information Company (CIC), transferred a loan exposure to an entity not permitted under regulations, did not assign Unique Customer Identification Codes (UCIC) to its customers, and failed to undertake proper risk categorisation of customers.

The RBI clarified that the penalty is based solely on deficiencies in regulatory compliance and does not amount to a judgment on the validity of any transaction or agreement entered into by the company with its customers. The imposition of the penalty is also without prejudice to any further action that the central bank may initiate against the company.