Case Brief
RBI imposed a monetary penalty of ₹1.00 lakh on India Home Loan Limited by order dated June 03, 2024. The penalty was imposed after an NHB statutory inspection and subsequent supervisory proceedings found non-compliance with applicable NHB/RBI directions, including sanctioning loans beyond the prescribed Loan-to-Value ratio. RBI acted under Section 52A(1)(b) read with Section 49(3)(aa) of the National Housing Bank Act, 1987.
Action Snapshot
- Primary Impact
- Fine: Rs 1.00 L
- Entity Type
- NBFC
- Location
- Mumbai, Maharashtra
- Order Date