RBI imposes monetary penalty on Truhome Finance Limited

Case Brief

The Reserve Bank of India imposed a monetary penalty of Rs 3,10,000 on Truhome Finance Limited, formerly Shriram Housing Finance Limited, by order dated December 03, 2025. The penalty followed a statutory inspection conducted by the National Housing Bank with reference to the company’s financial position as on March 31, 2024, and related supervisory proceedings. RBI found that the company had not complied with certain RBI Know Your Customer Directions, specifically that it failed to obtain PAN or equivalent e-document or Form No. 60 in certain loan accounts. RBI stated that the penalty was based on deficiencies in regulatory compliance and did not pronounce on the validity of any transaction or agreement, and that it was without prejudice to any other action that may be initiated.