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2.1

RBI fines Asset Care & Reconstruction Enterprise ₹27.3 lakh for income recognition lapses

RBI imposed a ₹27.3 lakh penalty on Asset Care & Reconstruction Enterprise for non-compliance with Income Recognition directions, based on a statutory inspection. The penalty is modest and routine regulatory enforcement, with no systemic implications.

Reserve Bank of India — Press Releases1 day agoINengCredibility 24%View source

Score Breakdown

Mosaic Score2.1
Confidence0.9
Significance0.1
Source credibility0.2
Source

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