Act 2014
Law No. 141 of 2014 on regulating the practice of medium, small and micro-enterprise finance activity (as updated 2022)
Issued by Financial Regulatory Authority
Plain-English summary
Regulates medium, small and micro-enterprise finance activity. The FRA publishes it as an updated version that shows the amendments made by Law No. 201 of 2020 and Law No. 155 of 2022.
Who it applies to
NBFC / Non-bank Lending
Topics
Conduct & Consumer Protection
Latest news
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RBI penalizes gold-loan fintech KLM Axiva Finvest Limited for auction surplus non-payment
26 Sep 2026
The Reserve Bank of India imposed a monetary penalty of ₹2.70 lakh on KLM Axiva Finvest Limited for regulatory non-compliance discovered during statutory inspection. The company failed to remit surplus amounts to…
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RBI penalizes Hero Fincorp for excess interest collection breaches
26 Sep 2026
The Reserve Bank of India imposed a monetary penalty of 10 lakh rupees on Hero Fincorp Limited on September 22, 2026, following supervisory findings of non-compliance with RBI's "Fair Practices Code for Lenders…