RBI fines Aptus Finance India INR 310,000 for changing directors without OK
This story was originally published at 19:01 IST on 31 January 2025
Register to read our real-time news.Informist, Friday, Jan. 31, 2025
NEW DELHI – The Reserve Bank of India on Friday said it had imposed a penalty of INR 310,000 on Aptus Finance India Pvt Ltd. after the company changed more than 30% of its non-independent directors without taking prior written permission of the central bank. The RBI said it had ordered the penalty on Jan. 20.
"The correspondence pertaining to the intimation of appointment of a director revealed, inter alia, non-compliance with 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 failure to comply with the said directions," the RBI said.
Aptus Finance India is a wholly-owned subsidiary of Aptus Value Housing Finance India Ltd. Shares of Aptus Value Housing Finance ended 2.1% higher on Friday at INR 303.00 on the National Stock Exchange. End
Reported by Siddharth Upasani
Edited by Akul Nishant Akhoury
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.
Informist Media Tel +91 (11) 4220-1000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2025. All rights reserved.
To read more please subscribe
Share this Story:
