RBI Fines Three Non-Banking Financial Companies for Regulatory Violations ...Middle East

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The Reserve Bank of India (RBI) has imposed monetary penalties on three non-banking financial companies for non-compliance with its directions concerning housing finance. According to an official RBI statement released on Friday, fines of Rs 5 lakh each were levied on Godrej Housing Finance Limited and Aadhar Housing Finance Limited, with an additional Rs 3.5 lakh penalty on the Housing and Urban Development Corporation Limited.

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