Announced Sat, 20 Jun · 14:55 IST
RBI imposes Rs 2.70 lakh penalty on Can Fin Homes for Fair Practices Code non-compliance
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CANFINHOME · price
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₹886.75
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AI summary
RBI imposed a penalty of Rs 2.70 lakh on Can Fin Homes for non-compliance with its Fair Practices Code directions, specifically for not clearly bifurcating interest and principal in borrower instalment receipts. The issue was flagged during the National Housing Bank statutory inspection for FY25. The company says there is no material financial or operational impact and has already implemented corrective measures from April 1, 2026.
Likely market impact
Minor penalty with no material impact on financials or operations. Compliance issue already addressed. Limited effect on stock expected.