Puran Associates Private Limited appears to be a non-bank financial entity subject to RBI supervision for asset classification compliance, suggesting lending or credit operations, but the entity type and specific business model are not explicitly stated in the enforcement notice.
Low confidence — REQUIRES HUMAN REVIEW. The update is primarily an enforcement/compliance action rather than a substantive product or service regulation, and the secondary tag cannot be reliably determined without clarity on the entity's primary business model.
Specialism
The RBI imposed an explicit monetary penalty of ₹3.10 lakh on a named entity for regulatory non-compliance with asset classification directions.
Mandatory inheritance: Financial Penalty is a child of Enforcement, so Enforcement must be raised as the secondary tag.
2026-06-08 10:56:15·pthandapani@vixio.com
Meta Id
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Press Releases - Reserve Bank of India
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TITLE: India's Reserve Bank Imposes Monetary Penalty on Puran Associates Private Limited for Asset Classification Non-Compliance
BODY:
On June 5, 2026, the Reserve Bank of India (RBI) announced that it had imposed a monetary penalty of ₹3.10 lakh (Rupees Three Lakh Ten Thousand) on Puran Associates Private Limited for non-compliance with RBI directions on asset classification. The RBI issued the penalty by order dated May 27, 2026, exercising powers conferred under Section 58G(1)(b) read with Section 58B(5)(aa) of the Reserve Bank of India Act, 1934.
The enforcement action followed a statutory inspection of the company conducted by the RBI with reference to its financial position as of March 31, 2025. Following supervisory findings of non-compliance with RBI directions, the RBI issued a show cause notice to the company. After considering the company's response and oral submissions during a personal hearing, the RBI determined that the company failed to reclassify certain accounts as non-performing assets upon restructuring. This deficiency in regulatory compliance formed the basis for the penalty. The RBI noted that the action is based on supervisory findings and is not intended to pronounce upon the validity of any transaction or agreement entered into by the company with its customers. The RBI also clarified that imposition of this monetary penalty remains without prejudice to any other action that may be initiated against the company for regulatory violations.
This enforcement action reflects the RBI's continued focus on ensuring compliance with asset classification directions among regulated entities and maintaining the integrity of the financial system through rigorous supervisory oversight.
Press Releases - Reserve Bank of India Skip to main content Selected Selected Change Language हिंदी Search the Website Search Press Releases ( 330 kb ) Date : Jun 05, 2026 RBI imposes monetary penalty on Puran Associates Private Limited The Reserve Bank of India (RBI) has, by an order dated May 27, 2026, imposed a monetary penalty of ₹3.10 lakh (Rupees Three Lakh Ten Thousand only) on Puran Associates Private Limited (the company) for non-compliance with certain provisions of the RBI directions on ‘Asset Classification’. 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 statutory inspection of the company was conducted by RBI with reference to its financial position as on March 31, 2025. Based on the 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 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 failed to reclassify certain accounts as ‘non-performing assets’ upon restructuring. 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) Chief General Manager Press Release: 2026-2027/397 2026 All Months January February March April May June July August September October November December 2025 All Months January February March April May June July August September October November December 2024 All Months January February March April May June July August September October November December 2023 All Months January February March April May June July August September October November December 2022 All Months January February March April May June July August September October November December 2021 All Months January February March April May June July August September October November December 2020 All Months January February March April May June July August September October November December 2019 All Months January February March April May June July August September October November December 2018 All Months January February March April May June July August September October November December 2017 All Months January February March April May June July August September October November December Archives 2016 All Months January February March April May June July August September October November December 2015 All Months January February March April May June July August September October November December 2014 All Months January February March April May June July August September October November December 2013 All Months January February March April May June July August September October November December 2012 All Months January February March April May June July August September October November December 2011 All Months January February March April May June July August September October November December 2010 All Months January February March April May June July August September October November December 2009 All Months January February March April May June July August September October November December 2008 All Months January February March April May June July August September October November December 2007 All Months January February March April May June July August September October November December 2006 All Months January February March April May June July August September October November December 2005 All Months January February March April May June July August September October November December 2004 All Months January February March April May June July August September October November December 2003 All Months January February March April May June July August September October November December 2002 All Months January February March April May June July August September October November December 2001 All Months January February March April May June July August September October November December 2000 All Months January February March April May June July August September October November December 1999 All Months January February March April May June July August September October November December 1998 All Months January February March April May June July August September October November December 1997 All Months January February March April May June July August September October November December 1996 All Months January February March April May June July August September October November December 1995 All Months January February March April May June July August September October November December 1994 All Months January February March April May June July August September October November December 1993 All Months January February March April May June July August September October November December 1992 All Months January February March April May June July August September October November December 1991 All Months January February March April May June July August September October November December 1990 All Months January February March April May June July August September October November December Top Back to previous page