On February 5, 2026, the Reserve Bank of India (RBI) issued a press release stating it has imposed a monetary penalty of ₹1 lakh on Vinayaka Capsec Private Limited for non-compliance with certain directions issued by RBI on 'Acquisition of Shareholding or Control'. The penalty was imposed under the provisions of Section 58G(1)(b) read with Section 58B(5)(aa) of the Reserve Bank of India Act, 1934. The company failed to obtain prior written permission from RBI for a change in shareholding exceeding 26% of its paid-up equity capital. This action is based on deficiencies in regulatory compliance. The press release number is 2025-2026/2046. Brij Raj, Chief General Manager is the contact person. RBI website is www.rbi.org.in, email is helpdoc@rbi.org.in and phone number is 022 - 2266 0502.
Key Entities Referenced
Reserve Bank of India Act, 1934: The legal foundation for RBI's regulatory powers, specifically related to the sections cited for imposing the penalty.
Reserve Bank of India (RBI): The regulator imposing a monetary penalty for non-compliance.
Vinayaka Capsec Private Limited: The entity on which monetary penalty is imposed.
Section 58G(1)(b): Provision of the Reserve Bank of India Act, 1934 granting powers to the RBI.
Section 58B(5)(aa): Provision of the Reserve Bank of India Act, 1934 read with 58G(1)(b) concerning RBI's powers related to penalties.
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
February 05, 2026
RBI imposes monetary penalty on Vinayaka Capsec Private Limited
The Reserve Bank of India (RBI) has, by an order dated February 04, 2026,
imposed a monetary penalty of ₹1 lakh (Rupees One Lakh only) on Vinayaka Capsec
Private Limited (the company) for non-compliance with certain directions issued by RBI
on ‘Acquisition of Shareholding or Control’. 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 correspondence between RBI and the company 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 obtain prior written permission of RBI for change in
shareholding in excess of 26 per cent of its paid-up equity capital.
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: 2025-2026/2046 Chief General Manager