NHB imposes fine of Rs 45,000 on Reliance Home Finance

Housing finance regulator National Housing Bank has imposed a fine of Rs 45,000 on Anil Ambani group company Reliance Home Finance for violating certain rules, a filing said. "National Housing Bank (NHB) has imposed a penalty of Rs 45,000 on the company for contravention of certain provisions of

BY Realty Plus
Published - Friday, 08 Nov, 2019

NHB imposes fine of Rs 45,000 on Reliance Home Finance

Housing finance regulator National Housing Bank has imposed a fine of Rs 45,000 on Anil Ambani group company Reliance Home Finance for violating certain rules, a filing said. "National Housing Bank (NHB) has imposed a penalty of Rs 45,000 on the company for contravention of certain provisions of Housing Finance Companies (NHB) directions, 2010," Reliance Home Finance said in a regulatory filing on Thursday. It is a subsidiary of Reliance Capital Company.