Reserve Bank of India has imposed a monetary penalty of Rs 2.70 lakh on Newa Investments Private Limited for non-compliance with certain governance-related directions issued by the central bank.

According to RBI, the penalty was imposed through an order dated May 15, 2026, under the provisions of the Reserve Bank of India Act, 1934.

The action follows a statutory inspection conducted by RBI with reference to the company’s financial position as of March 31, 2025. Based on supervisory findings and subsequent correspondence, the central bank issued a show-cause notice asking the company to explain why a penalty should not be levied for regulatory non-compliance.

After reviewing the company’s written response and oral submissions during a personal hearing, RBI found that the company had appointed directors without obtaining prior written approval from the regulator. This resulted in a change in management involving more than 30 per cent of its directors, excluding independent directors.

RBI clarified that the penalty relates solely to deficiencies in regulatory compliance and does not affect the validity of any transactions or agreements entered into by the company with its customers. The regulator also stated that the penalty is without prejudice to any further action that may be initiated against the company.