meta_id 3026386

On April 1, 2026, the Reserve Bank of India (RBI) announced the imposition of a monetary penalty of ₹10.30 lakh (Rupees Ten Lakh Thirty Thousand) on Exclusive Capital Limited for breaches of RBI directions. The penalty was imposed by RBI order dated March 27, 2026, under Section 58G(1)(b) read with Section 58B(5)(aa) of the Reserve Bank of India Act, 1934. RBI's offsite analysis and supervisory correspondence identified non-compliance across three key areas. Exclusive Capital Limited had breached the permissible leverage ratio limit, failed to submit supervisory returns to RBI in accordance with prescribed frequency and timelines, and failed to furnish its balance sheet within the stipulated period. Following identification of these deficiencies, RBI issued a show cause notice to the company. After reviewing the company's response and considering oral submissions during a personal hearing, RBI determined that the charges were sustained and warranted monetary penalty imposition. RBI emphasised that this action addresses deficiencies in regulatory compliance and does not pronounce upon the validity of any transaction or agreement entered into by Exclusive Capital Limited with its customers. The penalty is imposed without prejudice to any other enforcement action RBI may initiate against the company. **Reference:** Reserve Bank of India Press Release: 2026-2027/5 (April 1, 2026)