Office Address
123/A, Miranda City Likaoli Prikano, Dope
Phone Number
+0989 7876 9865 9
+(090) 8765 86543 85
Email Address
info@example.com
example.mail@hum.com
123/A, Miranda City Likaoli Prikano, Dope
+0989 7876 9865 9
+(090) 8765 86543 85
info@example.com
example.mail@hum.com
These fines, imposed under Section 52A of the National
Housing Bank Act, 1987, followed inspections by the National Housing Bank
(NHB) based on the companies’ financial positions as of March 31, 2022. Despite the companies’ responses to the
notices issued by RBI, the regulator determined that they had breached specific
guidelines and imposed penalties accordingly.
Godrej Housing Finance Limited: Failed to obtain two independent valuation reports
before sanctioning loans of Rs 75 lakh and above.
Aadhar Housing Finance Limited: Charged interest on loans before the actual
disbursement of the loan, violating RBI’s ‘Fair Practices Code.’
Housing and Urban Development Corporation Limited
(HUDCO): Failed to conduct customer
risk categorization for FY 2021-22, lacked periodic review of account risk
categories, and did not create and register a floating charge on depositor
assets as required by Section 29B of the NHB Act.
