Case Brief
By an order dated June 05, 2026, RBI imposed a monetary penalty of ₹70,000 on Repco Home Finance Limited. The penalty was levied for non-compliance with RBI directions on the Fair Practice Code, after supervisory inspection findings and a show-cause process. RBI held that the company failed to disclose the approach for gradation of risk and the rationale for charging different interest rates to different categories of borrowers in application forms and sanction letters. The action was taken under section 52A of the National Housing Bank Act, 1987 and does not itself pronounce on the validity of any customer transaction or agreement.
Action Snapshot
- Primary Impact
- Fine: Rs 70,000
- Entity Type
- NBFC
- Action Type
- Monetary penalty