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SOURCE OF INFORMATION : NATIONAL HOUSING BANK WEBSITE
PERIOD COVERED : 01-MAR-2006 TO 31-OCT-2024

HOUSING FINANCE COMPANIES: 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

S.No. ENTITY 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 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 ISSUED BY NHB ON ALL DETAILS OF ARRANGEMENT WERE DISCLOSE TO CUSTOMERS UPFRONT AND THEIR EXPLICIT CONSENT WAS TAKEN    		IMPOSED PENALTY RS.500000

31-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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