S.
DATE OF ORDER
ENTITY
PERSON
COMPETENT AUTHORITY
REGULATORY CHARGES
REGULATORY ACTION(S) / DATE OF ORDER
FURTHER DEVELOPMENTS
1
17-OCT-2024
FAMILY HOME FINANCE PVT.LTD.
NHB
DID NOT DO RISK CATEGORISATION OF ITS CUSTOMERS
IMPOSED PENALTY RS.50,000
2
02-SEP-2024
AADHAR HOUSING FINANCE LTD.
NHB
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’
IMPOSED PENALTY RS.5,00,000
3
02-SEP-2024
HOUSING & URBAN DEVELOPMENT CORP.LTD.
NHB
DID NOT UNDERTAKE RISK CATEGORIZATION OF CUSTOMERS
IMPOSED PENALTY RS.3,50,000
4
29-AUG-2024
GODREJ HOUSING FINANCE LTD.
NHB
DID NOT OBTAIN TWO INDEPENDENT VALUATION REPORTS BEFORE SANCTIONING CERTAIN LOANS OF RS.75 LAC AND ABOVE
IMPOSED PENALTY RS.5,00,000
5
26-AUG-2024
CENT BANK HOME FINANCE LTD.
NHB
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF NHB ON CARRYING OUT PERIODIC REVIEW OF RISK CATEGORISATION OF CUSTOMERS AND/OR ACCOUNTS
IMPOSED PENALTY RS.2,10,000
6
07-AUG-2024
MUTHOOT HOUSING FINANCE CO.LTD.
NHB
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
IMPOSED PENALTY RS.5,00,000
7
07-AUG-2024
NIDO HOME FINANCE LTD.
NHB
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
IMPOSED PENALTY RS.5,00,000
8
10-JUN-2024
INDIA HOME LOAN LTD.
NHB
SANCTIONED LOANS BEYOND PRESCRIBED LOAN TO VALUE (LTV) RATIO
IMPOSED PENALTY RS.1,00,000
9
10-MAY-2024
SUNDARAM HOME FINANCE LTD.
NHB
DELAY IN PERIODIC UPDATION OF KNOW YOUR CLIENTS (KYC) OF CERTAIN CUSTOMERS
IMPOSED PENALTY RS.1,50,000
10
05-APR-2024
LIC HOUSING FINANCE LTD.
NHB
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
IMPOSED PENALTY RS.49,70,000
11
02-FEB-2024
BAJAJ HOUSING FINANCE LTD.
NHB
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
IMPOSED PENALTY RS.5,00,000
12
15-DEC-2023
SARAL HOME FINANCE LTD.
NHB
SUBMITTED INCORRECT INFORMATION IN SCHEDULE II RETURN
IMPOSED PENALTY RS.5,000
13
13-NOV-2023
INDIA HOME LOAN LTD.
NHB
SUBMITTED INCORRECT INFORMATION IN SHORT-TERM DYNAMIC LIQUIDITY (STDL) RETURN
IMPOSED PENALTY RS.5,000
14
13-NOV-2023
INDIA HOME LOAN LTD.
NHB
SUBMITTED INCORRECT INFORMATION IN SCHEDULE V RETURN
IMPOSED PENALTY RS.5,000
15
16-OCT-2023
WEST END HOUSING FINANCE LTD.
NHB
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
IMPOSED PENALTY RS.1,70,000
16
15-SEP-2023
NIDO HOME FINANCE LTD.
NHB
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
IMPOSED PENALTY RS.1,55,000
17
16-MAY-2023
PANTHOIBI HOUSING FINANCE CO.LTD.
NHB
DELAYED SUBMISSION OF SCHEDULE V RETURN
IMPOSED PENALTY RS.3,000
18
17-MAR-2023
HOUSING DEVELOPMENT FINANCE CORP.LTD.
NHB
DID NOT TRANSFER MATURED DEPOSITS OF CERTAIN DEPOSITORS TO DESIGNATED BANK ACCOUNTS OF SUCH DEPOSITORS
IMPOSED PENALTY RS.5,00,000
19
13-JAN-2023
PANTHOIBI HOUSING FINANCE CO.LTD.
NHB
DELAYED SUBMISSION OF ANNUAL RETURN
IMPOSED PENALTY RS.3,000
20
13-JAN-2023
SUPREME HOUSING FINANCE LTD.
NHB
DELAYED SUBMISSION OF ANNUAL RETURN
IMPOSED PENALTY RS.3,000
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.
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