|
S.No.
|
ENTITY |
PERSONS |
REGULATORY CHARGES
|
REGULATORY ACTION(S) / DATE OF ORDER
|
FURTHER DEVELOPMENTS
|
|
1
|
|
AADHAR HOUSING FINANCE LTD.
|
|
|
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
02-SEP-2024
|
|
|
2
|
|
|
ALTUM CREDO HOME FINANCE PVT.LTD.
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON CARRYING OUT PERIODIC REVIEW OF RISK CATEGORISATION OF CUSTOMERS AND/OR ACCOUNTS
|
IMPOSED PENALTY RS.10,000
06-AUG-2025
|
|
|
3
|
|
|
AVIOM INDIA HOUSING FINANCE PVT.LTD.
|
|
|
DEFAULTED IN PAYMENT OF VARIOUS PAYMENT OBLIGATIONS
|
SUPERSEDED BOARD OF DIRECTORS
27-JAN-2025
|
RBI VIDE ITS ORDER DATED 30/01/2025 CONSTITUTED THREE-MEMBER ADVISORY COMMITTEE TO ASSIST THE ADMINISTRATOR IN DISCHARGE OF HIS DUTIES
RBI VIDE ITS ORDER DATED 30/01/2025 FILED APPLICATION FOR INITIATION OF CIRP AGAINST AVIOM INDIA HOUSING FINANCE PVT.LTD. U/S SECTION 227 READ WITH CLAUSE (ZK) OF SUB-SECTION (2) OF SECTION 239 OF THE INSOLVENCY AND BANKRUPTCY CODE 2016, AT NEW DELHI BENCH OF HON’BLE NATIONAL COMPANY LAW TRIBUNAL
|
|
4
|
|
|
CENT BANK HOME FINANCE LTD.
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON CARRYING OUT PERIODIC REVIEW OF RISK CATEGORISATION OF CUSTOMERS AND/OR ACCOUNTS
|
IMPOSED PENALTY RS.2,10,000
26-AUG-2024
|
|
|
5
|
|
|
ESSEL FINANCE HOME LOANS LTD.
|
|
|
SURRENDERED CERTIFICATE OF REGISTRATION
|
CANCELLED CERTIFICATE OF REGISTRATION
28-JAN-2022
|
|
|
6
|
|
|
FAMILY HOME FINANCE PVT.LTD.
|
|
|
DID NOT DO RISK CATEGORISATION OF ITS CUSTOMERS
DID NOT REVIEW RISK CATEGORISATION OF ITS CUSTOMERS
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON CARRYING OUT PERIODIC UPDATION OF “KNOW YOUR CLIENTS” OF CUSTOMERS AS PER RISK CATEGORISATION
|
IMPOSED PENALTY RS.50,000
17-OCT-2024
|
|
|
7
|
|
|
GODREJ HOUSING FINANCE LTD.
|
|
|
DID NOT OBTAIN TWO INDEPENDENT VALUATION REPORTS BEFORE SANCTIONING CERTAIN LOANS OF RS.75 LAC AND ABOVE
|
IMPOSED PENALTY RS.5,00,000
29-AUG-2024
|
|
|
8
|
|
|
HABITAT MICRO BUILD INDIA HOUSING FINANCE CO.PVT.LTD.
|
|
|
DID NOT OBTAIN 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.50,000
26-MAR-2025
|
|
|
9
|
|
|
HOUSING & URBAN DEVELOPMENT CORP.LTD.
|
|
|
DID NOT UNDERTAKE RISK CATEGORIZATION OF CUSTOMERS
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON CARRYING OUT PERIODIC UPDATION OF KYC (KNOW YOUR CLIENTS) OF CERTAIN CUSTOMERS WITHIN PRESCRIBED PERIODICITY
DID NOT CREATE FLOATING CHARGE ON ASSETS INVESTED IN FAVOUR OF ITS DEPOSITORS AND REGISTER
|
IMPOSED PENALTY RS.3,50,000
02-SEP-2024
|
|
|
10
|
|
|
HOUSING DEVELOPMENT FINANCE CORP.LTD.
|
|
|
DID NOT TRANSFER MATURED DEPOSITS OF CERTAIN DEPOSITORS TO DESIGNATED BANK ACCOUNTS
|
IMPOSED PENALTY RS.5,00,000
13-MAR-2023
|
|
|
11
|
|
|
IND BANK HOUSING LTD.
|
|
|
DID NOT ADHERE TO PROVISIONS OF NATIONAL HOUSING BANK ACT (NHB), 1987
|
CANCELLED CERTIFICATE OF REGISTRATION
21-SEP-2023
|
|
|
12
|
|
|
INDIA HOME LOAN LTD.
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON CARRYING OUT PERIODIC REVIEW OF RISK CATEGORISATION OF CUSTOMERS AND/OR ACCOUNTS
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON CARRYING OUT PERIODIC UPDATION OF “KNOW YOUR CLIENTS” OF CUSTOMERS AS PER RISK
|
IMPOSED PENALTY RS.32,000
27-MAY-2025
|
|
|
13
|
|
|
JM FINANCIAL HOME LOANS LTD.
|
|
|
DID NOT MAKE DISCLOSURE OF THE APPROACH FOR GRADATION OF RISK AND RATIONALE FOR CHARGING DIFFERENT RATE OF INTEREST TO DIFFERENT CATEGORIES OF BORROWERS, TO ITS CUSTOMERS IN THE APPLICATION FORMS AND DID NOT COMMUNICATE THE SAME EXPLICITLY IN THE SANCTION LETTERS
|
IMPOSED PENALTY RS.1,50,000
17-FEB-2025
|
|
|
14
|
|
|
LIC HOUSING FINANCE LTD.
|
|
|
DID NOT MAKE DISCLOSURE TO RETAIL BORROWERS, GRADATION OF RISK AND RATIONALE FOR CHARGING DIFFERENT INTEREST RATES TO DIFFERENT CATEGORIES OF BORROWERS IN LOAN APPLICATION FORM/SANCTION LETTER
CHARGED PRE-PAYMENT PENALTY IN HOUSING LOANS ON (A) FLOATING RATE BASIS WHICH WERE PRE-CLOSED FROM ANY SOURCEAND (B) FIXED RATE BASIS WHICH WERE PRE-CLOSED FROM BORROWER’S OWN SOURCES
|
IMPOSED PENALTY RS.49,70,000
27-MAR-2024
|
|
|
15
|
|
|
LIC HOUSING FINANCE LTD.
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON CREATION OF FLOATING CHARGES IN FAVOUR OF ITS DEPOSITORS ON A PORTION OF ASSETS INVESTED BY IT IN TERMS OF SECTION 29 OF NHB ACT, 1987
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON REGISTRATION OF CHARGE WITH REGISTRAR OF COMPANIES
|
IMPOSED PENALTY RS.5,00,000
21-OCT-2022
|
|
|
16
|
|
|
MAHINDRA RURAL HOUSING FINANCE LTD.
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON CARRYING OUT PERIODIC REVIEW OF RISK CATEGORISATION OF CUSTOMERS AND/OR ACCOUNTS
DID NOT OBTAIN 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.3,20,000
26-MAR-2025
|
|
|
17
|
|
|
MUTHOOT HOUSING FINANCE CO.LTD.
|
|
|
DID NOT OBTAIN 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
07-AUG-2024
|
|
|
18
|
|
|
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
|
|
|
19
|
|
|
NIDO HOME FINANCE LTD.
|
|
|
DID NOT OBTAIN PRIOR WRITTEN PERMISSION OF RBI FOR CHANGE IN SHAREHOLDING DUE TO PROGRESSIVE INCREASES OVER TIME, RESULTING IN ACQUISITION OF SHAREHOLDING BEYOND PERMITTED LIMIT
|
IMPOSED PENALTY RS.1,55,000
13-SEP-2023
|
|
|
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.
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