IIFL Finance Limited has been fined ₹5.30 Lakh by the Reserve Bank of India (RBI) following supervisory findings. The penalty stems from the failure to correctly classify certain accounts as ‘non-performing assets’ (NPAs) after restructuring, referencing the financial position as of March 31, 2024. The company confirmed that the penalty will have no material impact on its financial or operational activities.
Regulatory Action Taken Against IIFL Finance
IIFL Finance Limited announced on February 13, 2026, that it received an official order from the Reserve Bank of India (RBI). Pursuant to this order, the company has been levied a monetary penalty amounting to Rs. 5.30 Lakh (Rupees Five Lakhs Thirty Thousand only). The authority exercised powers conferred under the RBI Act, 1934, for the imposition.
Details of Violation and Penalty Basis
The violation leading to the penalty involved the ‘Failure to classify certain accounts as ‘non-performing asset’, on restructuring, as per supervisory findings.’ These findings were specifically referenced against the Company’s financial position recorded as of March 31, 2024.
Impact Assessment
Management has confirmed that there is no material impact on the financial, operational, or other activities of the listed entity due to this specific penalty. Furthermore, it was noted that the loan accounts in question which necessitated the penalty are no longer carried in the books of the Company, suggesting the issues have been rectified since the March 2024 reference date.
Source: BSE
