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SOURCE OF INFORMATION : NATIONAL HOUSING BANK
PERIOD COVERED : 01-MAR-2006 TO 31-JUL-2026

NAMES IN BROWN COLOUR
Names of entities/persons in brown colour denote that the regulatory order is not against them but their names have been mentioned only for association purposes.

HOUSING FINANCE COMPANIES: DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI NON-BANKING FINANCIAL COMPANIES – HOUSING FINANCE COMPANY DIRECTIONS, 2021

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1
History of entity/person 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

30-SEP-2024
2
History of entity/person GODREJ HOUSING FINANCE 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.5,00,000

30-SEP-2024
3
History of entity/person 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

31-MAR-2025
4
History of entity/person JM FINANCIAL HOME LOANS LTD.  
  DID NOT OBTAIN TWO INDEPENDENT VALUATION REPORTS BEFORE SANCTIONING CERTAIN LOANS OF RS.75 LAC AND ABOVE   IMPOSED PENALTY RS.1,50,000

28-FEB-2025
5
History of entity/person 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

31-MAR-2025
6
History of entity/person VIVA HOME FINANCE 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.10,000

30-NOV-2025
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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