Case Brief
By an order dated April 27, 2026, RBI imposed a penalty on Hinduja Housing Finance Limited under Section 52A of the National Housing Bank Act, 1987. The penalty followed an NHB statutory inspection and subsequent show-cause notice process. RBI found that the company failed to obtain prior written RBI permission before effecting a change in management, resulting in a change of more than 30% of its directors excluding independent directors, amounting to non-compliance with RBI directions on governance.
Action Snapshot
- Primary Impact
- Fine: Rs 1.80 L
- Entity Type
- NBFC
- Action Type
- Monetary penalty