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Regulatory Actions Covered By This Website

NATIONAL HOUSING BANK

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 PERIOD COVERED
FROMTO/UPTIL
Companies 01/03/2006 31/10/2024
Actions by NHB
Cautioned by national housing bank  
Reasons for Action
Fraudulent transactions in housing finance  
Housing Finance Companies 01/03/2006 31/10/2024
Actions by NHB
Application for certificate of registration declined/rejected/rejected as withdrawn  
Certificate of registration cancelled  
Directed to repay deposits accepted earlier  
Imposed penalty  
Ineligible to accept deposits from public  
Ineligible to carry on the business of housing finance institution  
Reasons for Action
Charged interest on loans for the period prior to date of actual disbursement of loan/issuance of cheque to certain borrowers in contravention of rbi directions on ‘fair practices code’  
Charged pre-payment penalty in housing loans on a) floating rate basis which were pre-closed from any source and b) fixed rate basis which were pre-closed from borrowers’ own sources  
Default in compliance with NHB act, 1987  
Defaulted in scrutiny of half-yearly return  
Defaulted in submission of branch opening information  
Delay in periodic updation of know your clients (kyc) of certain customers  
Delayed submission asset liabilities management (alm) return  
Delayed submission of annual return  
Delayed submission of asset liabilities management (alm) statement  
Delayed submission of half-yearly return  
Delayed submission of quarterly return  
Delayed submission of reply of supervision letter  
Delayed submission of schedule v return  
Delayed submission of statutory returns  
Did not adhere to credit directives/instructions/guidelines as required under para 32(1) of housing finance companies (NHB) directives/instructions/guidelines, 2010  
Did not adhere to directives/instructions/guidelines for housing finance companies  
Did not adhere to directives/instructions/guidelines issued by NHB on all details of arrangement were disclose to customers upfront and their explicit consent was taken  
Did not adhere to directives/instructions/guidelines issued by NHB on loan agreements with borrowers clearly contained the features of co-lending arrangement and roles & responsibilities of company and co-lending bank  
Did not adhere to directives/instructions/guidelines of NHB on carrying out periodic review of risk categorisation of customers and/or accounts  
Did not adhere to directives/instructions/guidelines on asset liabilities management (alm) system for housing finance companies  
Did not adhere to directives/instructions/guidelines on income recognition, asset classification, provisioning and disclosure in balance sheet  
Did not adhere to fair practice code for housing finance companies  
Did not adhere to guidelines on issuance of ncds on private placement basis under housing finance companies (NHB) directives/instructions/guidelines, 2014  
Did not adhere to hfcs (NHB) directives/instructions/guidelines,2010  
Did not adhere to hfcs auditor's report (NHB) directives/instructions/guidelines, 2016  
Did not adhere to housing finance companies (NHB) corporate governance directives/instructions/guidelines, 2010  
Did not adhere to housing finance companies (NHB) directives/instructions/guidelines, 2010  
Did not adhere to NHB's policy  
Did not adhere to NHB's policy circular no.35 & 61  
Did not adhere to provision of creation of floating charge in favour of its depositors  
Did not adhere to provision of para 2(1)(v) of housing finance companies (NHB) directives/instructions/guidelines, 2010  
Did not adhere to provision of para 22 & 28 of housing finance companies (NHB) directives/instructions/guidelines, 2010  
Did not adhere to provision of para 27(2) of housing finance companies (NHB) directives/instructions/guidelines, 2010  
Did not adhere to provision of para 44 of housing finance companies (NHB) directives/instructions/guidelines, 2010  
Did not adhere to provision of section 29(a)(7) of NHB act, 1987  
Did not adhere to provision of section 29a (6) of NHB act, 1987  
Did not adhere to provision of section 29b of NHB act, 1987  
Did not adhere to provision of section 29c of NHB act, 1987  
Did not adhere to provision of section 32 of NHB act, 1987  
Did not adhere to provisions of housing finance companies-corporate governance (NHB) directives/instructions/guidelines, 2016  
Did not adhere to provisions of para 2(1)(da) of housing finance companies (NHB) directives/instructions/guidelines, 2010  
Did not adhere to provisions of para 2(i)(zc)(ii) of housing finance companies (NHB) directives/instructions/guidelines, 2010  
Did not adhere to provisions of para 22 and 27a of housing finance companies (NHB) directives/instructions/guidelines, 2010  
Did not adhere to provisions of para 27a of housing finance companies (NHB) directives/instructions/guidelines, 2010  
Did not adhere to provisions of para para 2(1)(z)(c)(ii), 2(1)(v)(i), 28(1)(iv)(a), 28(1)(iv)(b)(ii) and 30 of housing finance companies (NHB) directives/instructions/guidelines, 2010  
Did not adhere to provisions/rules/regulations framed under national housing bank act  
Did not adhere to requirement of additional disclosures in the balance sheet  
Did not adhere to requirement of approval of acquisition or transfer of control under housing finance companies (NHB) directives/instructions/guidelines, 2016  
Did not adhere to risk weight assignments for car computation  
Did not apply for certificate of registration  
Did not classify investment as capital market exposure violating para 31(2)(b) of housing finance companies (NHB) directives/instructions/guidelines, 2010  
Did not conduct periodic updation of “know your clients” of its customers  
Did not do review of risk categorisation of its customers  
Did not do risk categorisation of its customers  
Did not inform NHB regarding opening of branches  
Did not maintain liquid assets in term of section 29 b (1) of the NHB act, 1987  
Did not maintain minimum lock in period regarding premature closure of fixed deposits  
Did not make disclosure as per paragraph 5.1 of housing finance companies-corporate governance (NHB) directives/instructions/guidelines, 2016  
Did not make disclosure in notes on accounts to its balance sheet annual report 2012 violating section 29(5)(a) of NHB act, 2010  
Did not make disclosure of rate of interest and approach for gradation of risk and rationale for charging different rate of interest to different categories of borrowers in loan application forms and sanction letters  
Did not obtain prior written permission of NHB for change in management resulting in change in more than 30% of the directors, excluding independent directors  
Did not obtain prior written permission of rbi and/or NHB for change in shareholding due to progressive increases over time, resulting in acquisition of shareholding beyond permitted limit  
Did not obtain two independent valuation reports before sanctioning certain loans of rs.75 lac and above  
Did not put in place a system of periodic review of risk categorisation of customers and/or accounts  
Did not register floating charge with registrar of companies based on statutory inspection conducted by NHB  
Did not submit annual return  
Did not submit asset liabilities management (alm) return  
Did not submit half-yearly return  
Did not submit half-yearly return in prescribed format  
Did not submit quarterly return  
Did not submit reply to show cause notice/s  
Did not submit response to inspection observations with reference to its position as on 31/03/2016  
Did not submit returns  
Did not submit returns through ormis  
Did not submit schedule iii return  
Did not submit statutory returns  
Did not submit various returns  
Did not take prior written permission of rbi for change in management resulting in change in more than 30% of the directors, excluding independent directors  
Did not transfer matured deposits of certain depositors to designated bank accounts of such depositors  
Did not undertake risk categorization of customers  
Misrepresented policy circular of NHB  
Not fit to be granted certificate of registration  
Sanctioned loans beyond prescribed loan to value (ltv) ratio  
Submitted incorrect information in schedule ii return  
Submitted incorrect information in schedule v return  
Submitted incorrect information in short-term dynamic liquidity (stdl) return  
Submitted incorrect information on nature & tenure of credit rating & sourcing fee amortized  
Violated NHB act, 1987  
Violated NHB directives/instructions/guidelines & policies  
Violated NHB directives/instructions/guidelines 2010  
Violated para 22, 27, 27a, 28 and 30 of housing finance companies (NHB) directives/instructions/guidelines, 2010  
Violated policy circular  
Violated provisions of housing finance companies-approval or transfer of control (NHB) directives/instructions/guidelines, 2016  
Violated section 29b of NHB act, 1987  
Persons 01/03/2006 31/10/2024
Actions by NHB
Cautioned by national housing bank  
Reasons for Action
Fraudulent transactions in housing finance  
REGULATORY ACTIONS PRESENTLY COVERED BY THIS WEBSITEPERIOD COVERED
FROMTO/UPTIL
ACE DERIVATIVES & COMMODITY STOCK EXCHANGE LTD. (since closed)
Alphabetical Chronological
 19/05/2011  31/12/2019
ASSOCIATION OF MUTUAL FUNDS OF INDIA,THE
Alphabetical Chronological
 30/09/2013  31/10/2024
BANKS
Alphabetical Chronological
 29/03/2000  12/11/2024
BOARD FOR INDUSTRIAL & FINANCIAL RECONSTRUCTION (since dissolved)
Alphabetical Chronological
 31/12/1987  31/10/2005
BSE LTD.
Alphabetical Chronological
 05/06/1995  21/11/2024
CENTRAL BOARD OF INDIRECT TAXES & CUSTOMS
Alphabetical Chronological
 01/04/2003  31/03/2024
CENTRAL BUREAU OF INVESTIGATION
Alphabetical Chronological
 05/04/2001  21/11/2024
CENTRAL DEPOSITORY SERVICES (INDIA) LTD.
Alphabetical Chronological
 15/03/2004  15/11/2024
COMPANY LAW BOARD
Alphabetical Chronological
 01/04/2000  30/06/2008
DEBT RECOVERY TRIBUNALS
Alphabetical Chronological
 16/08/2000  08/10/2024
DELHI STOCK EXCHANGE LTD. (since dissolved)
Alphabetical Chronological
 31/03/2002  30/09/2020
DEPARTMENT OF INCOME TAX
Alphabetical Chronological
 15/04/2015  31/10/2024
EMPLOYEES' PROVIDENT FUND ORGANISATION
Alphabetical Chronological
 31/03/2005  23/09/2021
INDIAN CLEARING CORP.LTD.
Alphabetical Chronological
 25/09/2012  31/10/2024
INDIAN COMMODITY EXCHANGE LTD.
Alphabetical Chronological
 10/06/2006  21/11/2024
INSOLVENCY & BANKRUPTCY BOARD OF INDIA - NATIONAL COMPANY LAW TRIBUNAL
Alphabetical Chronological
 17/01/2017  21/11/2024
INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA
Alphabetical Chronological
 28/10/2004  21/11/2024
INSURANCE REGULATORY & DEVELOPMENT AUTHORITY OF INDIA
Alphabetical Chronological
 16/08/2002  21/11/2024
INTER-CONNECTED STOCK EXCHANGE
Alphabetical Chronological
 17/04/2004  31/10/2024
METROPOLITAN STOCK EXCHANGE OF INDIA LTD.
Alphabetical Chronological
 20/05/2010  21/11/2024
MINISTRY OF CORPORATE AFFAIRS, EASY EXIT SCHEME
Alphabetical Chronological
 15/12/2010  03/08/2014
MINISTRY OF CORPORATE AFFAIRS, OFFICIAL LIQUIDATORS
Alphabetical Chronological
 27/04/1946  31/03/2018
MINISTRY OF CORPORATE AFFAIRS, PERSONS DISQUALIFIED FROM DIRECTORSHIP
Alphabetical Chronological
 31/08/2017  30/09/2024
MINISTRY OF CORPORATE AFFAIRS, REGISTRARS OF COMPANIES
Alphabetical Chronological
 27/01/2001  04/09/2015
MINISTRY OF CORPORATE AFFAIRS, SERIOUS FRAUD INVESTIGATION OFFICE
Alphabetical Chronological
 02/09/2009  31/10/2024
MINISTRY OF CORPORATE AFFAIRS, SIMPLIFIED EXIT SCHEME
Alphabetical Chronological
 06/05/2003  23/10/2009
MINISTRY OF CORPORATE AFFAIRS, VANISHING COMPANIES
Alphabetical Chronological
 30/01/2006  31/10/2024
MINISTRY OF FINANCE - FINANCIAL INTELLIGENCE UNIT
Alphabetical Chronological
 14/02/2013  31/10/2024
MINISTRY OF FINANCE - FORWARD MARKETS COMMISSION (since merged with SEBI)
Alphabetical Chronological
 23/07/2011  21/11/2024
MULTI COMMODITY EXCHANGE CLEARING CORP.LTD.
Alphabetical Chronological
 09/11/2018  21/11/2024
MULTI COMMODITY EXCHANGE OF INDIA LTD.
Alphabetical Chronological
 08/04/2011  21/11/2024
NATIONAL COMMODITY & DERIVATIVES EXCHANGE LTD.
Alphabetical Chronological
 30/03/2011  21/11/2024
NATIONAL COMMODITY CLEARING LTD.
Alphabetical Chronological
 14/05/2008  21/11/2024
NATIONAL FINANCIAL REPORTING AUTHORITY
Alphabetical Chronological
 22/07/2020  21/11/2024
NATIONAL HOUSING BANK
Alphabetical Chronological
 01/03/2006  31/10/2024
NATIONAL SECURITIES DEPOSITORY LTD.
Alphabetical Chronological
 19/11/2004  08/11/2024
NATIONAL SPOT EXCHANGE LTD.
Alphabetical Chronological
 22/08/2013  31/10/2024
NATIONAL STOCK EXCHANGE OF INDIA LTD.
Alphabetical Chronological
 01/01/2000  21/11/2024
NSE CLEARING LTD.
Alphabetical Chronological
 19/09/2013  21/11/2024
RESERVE BANK OF INDIA
Alphabetical Chronological
 01/08/1996  21/11/2024
SECURITIES AND EXCHANGE BOARD OF INDIA (For only consent orders click here)
Alphabetical Chronological
 01/01/1997  21/11/2024
UNITED NATIONS SECURITY COUNCIL
Alphabetical Chronological
 02/04/2018  30/09/2024
OTHER SOURCES IN THE OFFING
CREDIT INFORMATION BUREAU (INDIA) LTD.
ECONOMIC OFFENCES WING
ENFORCEMENT DIRECTORATE
ENVIRONMENT POLLUTION BOARD
FINANCIAL INSTITUTIONS
INSTITUTE OF COMPANY SECRETARIES OF INDIA,THE
INSTITUTE OF COST AND WORKS ACCOUNTANTS OF INDIA
LABOUR DEPARTMENT
RATING AGENCIES
SERVICE TAX
STATE FINANCIAL CORPORATIONS
STATE INDUSTRIAL DEVELOPMENT CORPORATIONS

This website is not comprehensive and is being updated on a regular basis. Users are requested to carefully look at the formats and the information about the coverage period that appears on search results pages.

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