RBI Fines IIFL Finance ₹5.30 Lakh for NPA Classification Lapse

Mumbai: IIFL Finance Limited has received an order from the Reserve Bank of India imposing a penalty of ₹5.30 lakh for failure to classify certain accounts as non-performing assets on restructuring. The company informed stock exchanges on February 13, 2026, about the regulatory action through a disclosure under Regulation 30 of SEBI Listing Regulations.

The penalty has been imposed by RBI in exercise of powers conferred under Section 58B(5)(aa) and Section 58G(1)(b) of the RBI Act, 1934. According to the regulatory filing, the supervisory findings with reference to the company's financial position as on March 31, 2024, revealed failure to classify certain accounts as non-performing assets on restructuring.

IIFL Finance has clarified that there is no material impact on the financial, operation or other activities of the company due to the penalty. Furthermore, the company stated that the aforesaid loan accounts mentioned in the RBI order are no longer carried in the books of the company.

The disclosure was signed by Samrat Sanyal, Company Secretary & Compliance Officer of IIFL Finance Limited. The information was submitted to BSE, National Stock Exchange of India, and India International Exchange (IFSC) Limited in compliance with regulatory requirements.