Toll Free: 1800 103 1369 Email Us:customercare@canmoney.in

Markets

Market

News Details

(10/08/2026 11:27)

RBI imposes Rs 3.90 Lakh Penalty on Utsav Securities for Regulatory Non-Compliance

The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 3.90 lakh on Utsav Securities Limited for non-compliance with certain provisions relating to governance and submission of credit data to Credit Information Companies (CICs).

The penalty follows a statutory inspection of the company based on its financial position as of March 31, 2025. After reviewing the company’s response, the RBI found two regulatory lapses.

The company’s Key Management Personnel (KMP) held positions, including directorships, in other NBFCs-Middle Layer. Additionally, the company failed to submit credit information for certain loan accounts to CICs.

The RBI clarified that the action is based on regulatory compliance deficiencies and does not question the validity of any transactions or agreements entered into by the company with its customers.
Prevent Unauthorized Transactions in your demat account -> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from NSDL on the same day....................issued in the interest of investors.
KYC is one-time exercise while dealing in securities markets -> Once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
CDSL – MyEasi App App Store: https://apps.apple.com/in/app/cdsl-myeasi-app/id6737304195      Google Play Store: https://play.google.com/store/apps/details?id=com.cdsl.myeasi   |   NSDL – Speede App : App Store: https://apps.apple.com/in/app/nsdl-speede-app/id922834763      Google Play Store: https://play.google.com/store/apps/details?id=com.msf.NSDL.Android