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NotificationRBIFriday, 14 August 2026

RBI imposes monetary penalty on Muthoot MCred Limited

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Official government notification — a formal executive order that operationalises policy decisions. Carries legal weight and specifies rules, dates, exemptions, or procedural requirements.
Summary
The Reserve Bank of India (RBI) has, by an order dated August 14, 2026, imposed a monetary penalty of ₹3.10 lakh (Rupees Three Lakh Ten Thousand only) on Muthoot MCred Limited (Formerly Known as Muthoottu Mini Financiers Limited) (the company) for non-compliance with certain provisions of the directions issued by RBI 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
Key Facts
TypeNotification
SourceReserve Bank of India
PublishedFriday, 14 August 2026
Affected Population1.4 billion citizens, 63 million MSMEs
Key Numbers
GDP: $3.9 trillion (2025 est.)
Fiscal deficit target: 4.4% of GDP
GST collection: Rs 1.87 lakh crore/month avg
500 GW non-fossil fuel capacity target by 2030
Key Authorities
Ministry of FinanceRBISEBIDEAMinistry of Power
Key Stakeholders
TaxpayersBanks & NBFCsInvestorsPower ConsumersDISCOMsCoal Industry
Government Context
NDA IIIBJP-led NDA
Centre-Right
LeftCentreRight
Explore Sectors
Finance & Economy668 tracked→Energy97 tracked→
Read Full Text at Source
Related Policies
Result of the Overnight Variable Rate Reverse Repo (VRRR) auction held on September 22, 2026
▲ highTodayRBIAnnouncementPress release
Tenor 1-day Notified Amount (in ₹ crore) 75,000 Total amount of offers received (in ₹ crore) 71,971 Amount accepted (in ₹ crore) 71,971 Cut off Rate (%) 5.24 Weighted Average Rate (%) 5.24 Partial Acceptance Percentage of offers received at cut off rate NA Ajit Prasad           Deputy General Manager (Communications)     Press Release: 2026-2027/1164
Finance & Economy
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