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SOURCE OF INFORMATION : RESERVE BANK OF INDIA WEBSITE & NEWSPAPERS
PERIOD COVERED : 01-AUG-1996 TO 21-NOV-2024

HOUSING FINANCE COMPANIES: DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY RBI ON ALL DETAILS OF ARRANGEMENT WERE DISCLOSE TO CUSTOMERS UPFRONT AND THEIR EXPLICIT CONSENT WAS TAKEN

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1
History of entity/person NIDO HOME FINANCE LTD.
  DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY RBI 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 ISSUED BY RBI ON ALL DETAILS OF ARRANGEMENT WERE DISCLOSE TO CUSTOMERS UPFRONT AND THEIR EXPLICIT CONSENT WAS TAKEN   		IMPOSED PENALTY RS.5,00,000

08-AUG-2024 		 
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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