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प्रेस प्रकाशनी PRESS RELEASE
भारतीय ररज़र्व बैंक
RESERVE BANK OF INDIA
वेबसाइट
:
www.rbi.org.in/hindi
संचार वर्भाग, केंद्रीय कायाालय, शहीद भगत ससिंह मागा, फोटा, म िंबई - 400 001
Website : www.rbi.org.in Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort,
ई-मेल/email : helpdoc@rbi.org.in Mumbai - 400 001 फोन/Phone: 022 - 2266 0502
March 06, 2026
RBI imposes monetary penalty on Maanaveeya Development & Finance
Private Limited
The Reserve Bank of India (RBI) has, by an order dated February 27, 2026,
imposed a monetary penalty of ₹3.10 lakh (Rupees Three Lakh Ten Thousand only)
on Maanaveeya Development & Finance Private Limited (the company) for non-
compliance with certain directions issued by RBI on ‘Governance’. This penalty has
been imposed in exercise of powers conferred on RBI under section 58G(1)(b) read
with section 58B(5)(aa) of the Reserve Bank of India Act, 1934.
The correspondence pertaining to the intimation of appointment of a director,
revealed, inter alia, non-compliance with RBI directions. Based on the same, a notice
was issued to the company advising it to show cause as to why penalty should not be
imposed on it for its failure to comply with the said directions.
After considering the company’s reply to the notice and oral submissions made
during the personal hearing, RBI found, inter alia, that the following charge against
the company was sustained, warranting imposition of monetary penalty:
The company had failed to take prior written permission of the RBI while
appointing a director resulting in change in its management on account of change in
more than 30 per cent of its directors, excluding independent directors.
This action is based on deficiencies in regulatory compliance and is not intended
to pronounce upon the validity of any transaction or agreement entered into by the
company with its customers. Further, imposition of this monetary penalty is without
prejudice to any other action that may be initiated by RBI against the company.
(Brij Raj)
Press Release: 2025-2026/2227 Chief General Manager