Fri Mar 07 18:35:39 UTC 2025: ## RBI Slaps ₹76.6 Lakh Fine on Four Fintech Firms for Regulatory Non-Compliance

**Mumbai, [Date of Publication]** – The Reserve Bank of India (RBI) has imposed a total penalty of ₹76.6 lakh on four non-banking financial companies (NBFCs) for violating regulations related to peer-to-peer (P2P) lending platforms.

The penalties, announced Friday in separate releases, target deficiencies in regulatory compliance with the RBI’s “Non-Banking Financial Company – Peer-to-Peer Lending Platform (Reserve Bank) Directions, 2017.” Fairassets Technologies India received the largest penalty at ₹40 lakh, while Bridge Fintech Solutions and Rang De P2P Financial Services each faced a ₹10 lakh fine. Visionary Financepeer was penalized ₹16.6 lakh.

The RBI clarified that the penalties are solely for regulatory non-compliance and do not reflect on the validity of any past transactions or agreements made by the companies with their customers.

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