**Executive Summary**
This press release, dated January 08, 2026, announces the Reserve Bank of India (RBI) has imposed a monetary penalty of ₹1 lakh on Pinnacle Capital Solutions Private Limited, Jharkhand. The penalty is due to non-compliance with RBI directions regarding Default Loss Guarantee (DLG) in Digital Lending. The order was issued on December 9, 2025.
**Key Points / Main Content**
* **Monetary Penalty:**
* RBI imposed a monetary penalty of ₹1 lakh on Pinnacle Capital Solutions Private Limited, Jharkhand.
* **Reason for Penalty:**
* The penalty is for non-compliance with RBI directions on ‘Default Loss Guarantee (DLG) in Digital Lending’.
* **Legal Basis:**
* The penalty is imposed under Section 58G(1)(b) read with Section 58B(5)(aa) of the Reserve Bank of India Act, 1934.
* **RBI Findings:**
* RBI's scrutiny revealed non-compliance with its directions.
* The company obtained a Default Loss Guarantee from Lending Service Provider which exceeded five per cent of the amount of outstanding loan portfolio.
* **Company Response Considered:**
* RBI considered the company’s reply to the show-cause notice and oral submissions made during the personal hearing.
* **Disclaimer:**
* The action is based on deficiencies in regulatory compliance and does not validate any transaction or agreement between the company and its customers.
* The penalty is without prejudice to any other action that RBI may initiate against the company.
**Impact Analysis**
**Pinnacle Capital Solutions Private Limited, Jharkhand**
* **Impact:** The company incurs a monetary penalty of ₹1 lakh due to non-compliance.
* **Action Required:** The company is required to pay the penalty and address the deficiencies in compliance regarding DLG in Digital Lending.
**RBI**
* **Impact:** Enforces regulatory compliance within the digital lending sector.
* **Action Required:** Monitor Pinnacle Capital Solutions Private Limited for future compliance and consider further actions if necessary.
Key Entities Referenced
Reserve Bank of India (RBI): The regulator imposing the monetary penalty.
Pinnacle Capital Solutions Private Limited: The entity on which the monetary penalty is imposed.
Jharkhand: Location of the company, Pinnacle Capital Solutions Private Limited.
Reserve Bank of India Act, 1934: The Act under which the penalty is imposed. Sections 58G(1)(b) and 58B(5)(aa) are specifically referenced.
Default Loss Guarantee (DLG) in Digital Lending: Directions issued by RBI for non-compliance of which the penalty was imposed.
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
January 08, 2026
RBI imposes monetary penalty on Pinnacle Capital Solutions Private Limited,
Jharkhand
The Reserve Bank of India (RBI) has, by an order dated December 9, 2025,
imposed a monetary penalty of ₹1 lakh (Rupees One Lakh only) on Pinnacle Capital
Solutions Private Limited, Jharkhand (the company) for non-compliance with certain
directions issued by RBI on ‘Default Loss Guarantee (DLG) in Digital Lending’. This
penalty has been imposed in exercise of powers conferred on RBI under the
provisions of Section 58G(1)(b) read with Section 58B(5)(aa) of the Reserve Bank of
India Act, 1934.
The scrutiny of the company with regard to its digital lending operations was
conducted by RBI. Based on supervisory findings of non-compliance with RBI
directions and related correspondence in that regard, 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 obtained a Default Loss Guarantee from Lending Service Provider,
which exceeded five per cent of the amount of outstanding loan portfolio.
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: 2025-2026/1884 Chief General Manager