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RBI fines Avail Financial Services ₹6.20 lakh for governance and exposure norm breaches

Source: Reserve Bank of India · Press Release prid 63177 · ~1 min read

RBI imposed a ₹6.20 lakh penalty on Avail Financial Services for two violations: its MD held directorships in two other middle-layer NBFCs, and the company exceeded the single-party exposure limit. This underscores RBI's focus on governance and concentration risk compliance.

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Official RBI source: https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=63177 — summary by BankPulse (bankpulse.ai).
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