On January 22, 2026, the Reserve Bank of India (RBI) announced a monetary penalty of ₹80,000 on VSJ Investments Private Limited, Mumbai, Maharashtra, due to non-compliance with RBI directions on ‘Transfer of Loan Exposures’. The penalty was imposed under Section 58G(1)(b) read with Section 58B(5)(aa) of the Reserve Bank of India Act, 1934. An analysis by the RBI revealed the company had acquired a loan from an ineligible entity, which was non-compliant with RBI directions. The RBI issued a notice to the company, and after considering their reply and oral submissions, sustained the charge. The action is based on deficiencies in regulatory compliance and does not prejudice any other action by RBI. Contact information: Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort, Mumbai - 400 001 Phone: 022 - 2266 0502, email : helpdoc@rbi.org.in. Press Release: 2025-2026/1970, Brij Raj, Chief General Manager.
Key Entities Referenced
Reserve Bank of India Act, 1934: The act under which RBI has imposed the penalty.
Section 58G(1)(b): Section of the Reserve Bank of India Act, 1934, under which the penalty was imposed.
Section 58B(5)(aa): Section of the Reserve Bank of India Act, 1934, under which the penalty was imposed.
Reserve Bank of India (RBI): The regulator imposing the penalty.
VSJ Investments Private Limited: The company on which the monetary penalty is 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 22, 2026
RBI imposes monetary penalty on VSJ Investments Private Limited,
Mumbai, Maharashtra
The Reserve Bank of India (RBI) has, by an order dated January 20, 2026,
imposed a monetary penalty of ₹80,000/- (Rupees Eighty Thousand only) on VSJ
Investments Private Limited, Mumbai, Maharashtra (the company), for non-
compliance with certain directions issued by RBI on ‘Transfer of Loan Exposures’.
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.
An analysis of documents and the assignment agreement executed by the
company with an unregulated entity, carried out by RBI revealed non-compliance with
the 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 RBI directions. After considering the company’s reply to the notice and
oral submissions made during the personal hearing, RBI found, that the following
charge against the company was sustained, warranting imposition of monetary
penalty:
The company had acquired a loan from an ineligible entity.
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 monetary penalty is without
prejudice to any other action that may be initiated by RBI against the company.
(Brij Raj)
Press Release: 2025-2026/1970 Chief General Manager