Announced Sat, 20 Jun · 14:57 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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AI summary
RBI imposed a Rs 2.70 lakh monetary penalty on Can Fin Homes for non-compliance with Fair Practices Code directions. The violation relates to not clearly bifurcating interest and principal in borrower instalments, observed during NHB inspection as on March 31, 2025. The company has already implemented corrective measures from April 1, 2026 and states no material impact on finances or operations.
Likely market impact
Minor regulatory penalty with no material financial impact. Already remediated. Negligible effect on shareholders.