Muthoot Finance and Muthoot Vehicle & Asset Finance were penalised for not carrying out six-monthly customer risk categorisation reviews, with Muthoot Finance also cited for inadequate suspicious-transaction monitoring software. Introduction: Between 10 and 17 July 2026, the Reserve Bank of India imposed monetary penalties on six NBFCs, ranging from Rs. 6.20 lakh 10 Jul 2026 MD held directorships in two other Middle Layer NBFCs; single-party exposure limit exceeded Muthoot Finance Rs. 5.80 lakh 10 Jul 2026 No six-monthly review of customer risk categorisation; inadequate software for suspicious-transaction monitoring Muthoot Vehicle & Asset Finance Rs. Muthoot Finance is one of the largest gold-loan NBFCs in the country; the size of the entity did not prevent the gap.