Case Brief
By an order dated May 19, 2025, RBI imposed a monetary penalty of ₹16,000 on Khush Housing Finance Private Limited, Mumbai, Maharashtra. The penalty was imposed under Section 52A of the National Housing Bank Act, 1987 after a statutory inspection and subsequent supervisory proceedings found non-compliance with RBI directions on KYC. RBI stated that the sustained charge was the company’s failure to carry out risk categorisation of its customers.
Action Snapshot
- Primary Impact
- Fine: Rs 16,000
- Entity Type
- NBFC
- Location
- Mumbai, Maharashtra
- Order Date