Money Matters—So Does Due Diligence: Transcorp Hit with RBI Fine

Unknown Apr 02, 2026 1,100 Views

The Reserve Bank of India (RBI) imposed a fine of ₹1.5 million (₹15 lakh) on Transcorp International Ltd. (BSE: TRNS.BO) for non-compliance with regulations. The penalty was imposed under the Foreign Exchange Management Act (FEMA) and RBI Master Directions for Authorized Dealer Category-II licens...