Case Brief
By an order dated May 27, 2025, RBI imposed a monetary penalty of Rs 32,000 on India Home Loan Ltd., Mumbai, Maharashtra. The penalty was imposed under Section 52A of the National Housing Bank Act, 1987 after inspection and supervisory findings indicated non-compliance with RBI directions on KYC. RBI found that the company had failed to review the risk categorisation of accounts at least once every six months and had also failed to conduct periodic updation of customer KYC.
Action Snapshot
- Primary Impact
- Fine: Rs 32,000
- Entity Type
- NBFC
- Location
- Mumbai, Maharashtra
- Order Date