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Penalties imposed on various Housing Finance Companies for contravention of the various provisions of the National Housing Bank Act, 1987 and for contravention of the various provisions of Directions, Notifications, Guidelines, Circulars etc., issued thereunder.
| No. | Company’s Name |
Letter No. & Date |
Reasons for imposition of Penalty |
Amount of penalty |
| 1 | India Home Loans Limited |
NHB(ND)/HFC/DRS/Sup./352/2011 dated 14.01.2011 |
Late Submission of Annual Return as on 31.03.2010 |
Rs. 1000/- |
| 2 | Sumel Housing Finance Private Limited |
NHB(ND)/HFC/DRS/Sup./2440/2011 dated 14.03.2011 |
Delayed Submission of Half Yearly Return as on 31.03.2010 |
Rs. 1000/- |
| 3 | HBN Housing Finance Limited |
|
Delayed Submission of Annual Return as on 31.03.2010 |
Rs. 1000/- |
| 4 | HBN Housing Finance Limited |
|
Delayed Submission of Half Yearly Return as on 30.09.2010 |
Rs. 1000/- |
| 5 | Dewan Housing Finance Corporation Limited |
NHB(ND)/DRS/3382/2011 dated 30.03.2011 |
Penalty for Contravention of Paragraph 32 of the HFCs (NHB) Direction 2010 |
Rs. 5000/- |
| 6 | DHFL Vysya Housing Finance Limited |
NHB(ND)/DRS/6478/2011 dated02.06.2011 |
Penalty for Contravention of Paragraph 32 of the HFCs (NHB) Direction 2010 |
Rs. 5000/- |
| 7 | Akme Star Housing Finance Limited |
NHB(ND)/DRS/6542/2011 dated 03.06.2011 |
Non Submission of Half Yearly Return as on 30.09.2010 |
Rs. 1000/- |
| 8 | Haware’s Housing Dev. Finance Corporation Limited |
NHB(ND)/DRS/6543/2011 dated 03.06.2011 |
Non Submission of Half Yearly Return as on 30.09.2010 |
Rs. 1000/- |
| 9 | Inara Housing Finance Limited |
NHB(ND)/HFC/DRS/Sup./8798/2011 dated 13.07.2011 |
Delayed Submission of Half Yearly Return as on 31.03.2011 |
Rs. 1000/- |
| 10 | Vastu Housing Finance Corporation Limited |
NHB(ND)/HFC/DRS/Sup./8781/2011 dated 12.07.2011 |
Delayed Submission of Half Yearly Return as on 31.03.2011 |
Rs. 1000/- |
| 11 | North East Region Housing Finance Co. Limited |
NHB(ND)/HFC/DRS/Sup./8779/2011 dated 13.07.2011 |
Delayed Submission of Half Yearly Return as on 31.03.2011 |
Rs. 1000/- |
| 12 | Kerala Housing Finance Limited |
NHB(ND)/DRS/Sup./10687/2011 dated 04.08.2011 |
Late Submission of Half Yearly Return as on 31.03.2011 |
Rs. 1000/- |
| 13 | Kerala Housing Finance Limited |
NHB(ND)/DRS/Sup./13172/2011 dated 21.09.2011 |
Late Submission of Annual Return as on 31.03.2011 |
Rs. 1000/- |
| 14 | Akme Star Housing Finance Limited |
NHB(ND)/DRS/14738/2011 dated 17.10.2011 |
Non Submission of Half Yearly Return as on 31.03.2011 |
Rs. 1000/- |
| 15 | Haware’s Housing Dev. Finance Corporation Limited |
NHB(ND)/DRS/14940/2011 dated 19.10.2011 |
Delayed Submission of Half Yearly Return as on 31.03.2011 |
Rs. 1000/- |
| 16 | Panthoibi Housing Finance Company Limited |
NHB(ND)/DRS/Sup./17135/2012 dated 24.09.2012 |
Delayed Submission of Half Yearly Return as on 31.03.2012 |
Rs. 1000/- |
| 17 | GIC Housing Finance Limited |
NHB(ND)/DRS/Sup./17134/2012 dated 24.09.2012 |
Penalty for Contravention of Paragraph 44 of the HFCs (NHB) Direction 2010 |
Rs. 1000/- |
| 18 | Dewan Housing Finance Corporation Limited |
NHB(ND)/DRS/18171/2012 dated 09.10.2012 |
Penalty for Contravention under Section 29C of NHB Act, 1987 levy of Penalty |
Rs. 5000/- |
| 19 | Kerala Housing Finance Limited |
NHB(ND)/DRS/Sup./20089/2012 dated 05.11.2012 |
Submission of Half Yearly Return as on 31.03.2012 |
Rs. 1000/- |
| 20 | Kerala Housing Finance Limited |
NHB(ND)/DRS/Sup./20090/2012 dated 05.11.2012 |
Late Submission of Annual Return as on 31.03.2012 |
Rs. 1000/- |
| 21 | Akme Star Housing Finance Limited |
NHB(ND)/DRS/Sup./2240/2013 dated 31.01.2013 |
Late Submission of Half Yearly Return as on 30.09.2012 |
Rs. 1000/- |
| 22 | Habitat Micro Build India Housing Finance Company Private Limited |
NHB(ND)/DRS/Sup./6844/2013 dated 22.04.2013 |
Non Submission of Half Yearly Return as on 30.09.2012 |
Rs. 1000/- |
| 23 | Magma Housing Finance |
NHB(ND)/DRS/Sup./8896/2013 dated 31.05.2013 |
Penalty for Contravention of Paragraph 37 of the HFCs (NHB) Direction 2010 |
Rs. 5000/- |
| 24 | HBN Housing Finance Limited |
NHB(ND)/DRS/Sup./11380/2013 dated 04.07.2013 |
Delay Submission of Half Yearly Return as on 31.03.2013 |
Rs. 1000/- |
| 25 | Kerala Housing Finance Limited |
NHB(ND)/DRS/Sup./11277/2013 dated 03.07.2013 |
Non-Disclosure in Notes on Accounts to its Balance Sheet Annual Report 2012 in Contravention to 29(5)(a) of the NHB Act 2010 |
Rs. 5000/- |
| 26 | India Infoline Housing Finance Limited |
NHB(ND)/DRS/Sup./11984/2013 dated 16.07.2013 |
Penalty for Contravention of Paragraph 37 of the HFCs (NHB) Direction 2010 |
Rs. 5000/- |
| 27 | HBN Housing Finance Limited |
NHB(ND)/DRS/Sup./12630/2013 dated 05.08.2013 |
Delay Submission of Annual Return as on 31.03.2013 |
Rs. 1000/- |
| 28 | Habitat Micro Build India Housing Finance Company Private Limited |
NHB(ND)/DRS/Sup./ /2013 dated 06.08.2013 |
Delay Submission of Half Yearly Return as on 31.03.2013 |
Rs. 1000/- |
| 29 | National Trust Housing Finance Limited |
NHB(ND)/DRS/Sup./12930/2013 dated 13.08.2013 |
Submission of Half Yearly Return as on 31.03.2013 |
Rs. 1000/- |
| 30 | National Trust Housing Finance Limited |
NHB(ND)/DRS/Sup./12932/2013 dated 13.08.2013 |
Submission of Annual Return as on 31.03.2013 |
Rs. 1000/- |
| 31 | North East Region Housing Finance Co. Limited |
NHB(ND)/DRS/Sup./12984/2013 dated 13.08.2013 |
Late Submission of Half Yearly Return as on 31.03.2013 |
Rs. 1000/- |
| 32 | Sahara Housing Finance Corporation Limited |
NHB(ND)/DRS/Sup./14087/2013 dated 06.09.2013 |
Penalty for Late Submission of reply of supervision Letter |
Rs. 1000/- |
| 33 | India Shelter Finance Corporation Limited |
NHB(ND)/DRS/Sup./18194/2013 dated 22.11.2013 |
Branch Opening information Penalty |
Rs. 2000/- |
| 34 | Cent Bank Home Finance Limited |
NHB(ND)/DRS/Sup./763/2014 dated 16.01.2014 |
Non Submission of Half Yearly Return in Prescribing format as on 31.03.2013 |
Rs. 1000/- |
| 35 | Cent Bank Home Finance Limited |
NHB(ND)/DRS/Sup./1084/2014 dated 22.01.2014 |
Non Submission of ALM Return and Delay Submission of One ALM Return During 2012-13 |
Rs. 16000/- |
| 36 | Muthoot Housing Finance Co. Limited |
NHB(ND)/DRS/Sup./1069/2014 dated 22.01.2014 |
Branch Opening information Penalty |
Rs. 34000/- |
| 37 | Cent Bank Home Finance Limited |
NHB(ND)/DRS/Sup./1943/2014 dated 07.02.2014 |
Non making Compliance with additional disclosure of Balance Sheet |
Rs. 5000/- |
| 38 | Dewan Housing Finance Corporation Limited |
NHB(ND)/DRS/Sup./4214/2014 dated 31.03.2014 |
Contravention of provision of Section 29C of NHB Act 1987 |
Rs. 5000/- |
| 39 | Tata Capital Housing Finance Limited |
NHB(ND)/DRS/Sup./4817/2014 dated 09.04.2014 |
Branch Opening information Penalty |
Rs. 55000/- |
| 40 | SRG Housing Finance Limited |
NHB(ND)/DRS/Sup./4926/2014 dated 09.04.2014 |
Non Compliance with the provision of Section 29C of NHB Act 1987 |
Rs. 5000/- |
| 41 | ICICI Home Finance Co. Limited |
NHB(ND)/DRS/Sup./5070/2014 dated 15.04.2014 |
Contravention for not maintaining minimum Lock in period regarding Premature closure of Fixed Deposit |
Rs. 5000/- |
| 42 | DHFL Vysya Housing Finance Limited |
NHB(ND)/HFC/DRS/Sup./7663/2014 dated 02.06.2014 |
Contravention of provision of Section 29C of NHB Act 1987 |
Rs. 5000/- |
| 43 | Gruh Finance Limited |
NHB(ND)/DRS/Sup./7603/2014 dated 02.06.2014 |
Non Compliance with Provisions of paragraph 37 of the HFCs NHB Direction 2010 |
Rs. 4000/- |
| 44 | India Home Loans Limited |
NHB(ND)/DRS/Sup./10619/2014 dated 14.07.2014 |
Contravention of provision of Paragraph 29(2) of the HFCs (NHB) Direction 2010 |
Rs. 2500/- |
| 45 | National Trust Housing Finance Limited |
NHB(ND)/HFC/DRS/Sup./10882/2014 dated 22.07.2014 |
Delayed Submission of Half Yearly Return as on 31.03.2014 |
Rs. 1000/- |
| 46 | Rose Valley Housing Development Finance Corporation Limited |
NHB(ND)/DRS/Sup./11133/2014 dated 28.07.2014 |
Non Submission of Half Yearly Return as on 31.03.2014 |
Rs. 5000/- |
| 47 | Kerala Housing Finance Limited |
NHB(ND)/DRS/Sup./12283/2014 dated 21.08.2014 |
Non Compliance with provision of paragraph 28 of HFCs (NHB) Direction 2010 |
Rs. 5000/- |
| 48 | Milestone Home Finance Co. Private Limited |
NHB(ND)/HFC/DRS/Sup./12306/2014 dated 25.08.2014 |
Late Submission of Half Yearly Return as on 31.03.2014 |
Rs. 1000/- |
| 49 | Dewan Housing Finance Corporation Limited |
NHB(ND)/DRS/Sup./14785/2014 dated 15.10.2014 |
Contravention of provision of paragraph 21 of the HFCs (NHB) Direction 2010 |
Rs. 20000/- |
| 50 | Micro Housing Finance Corporation Limited |
NHB(ND)/HFC/DRS/Sup./15321/2014 dated 28.10.2014 |
Non-Compliance with provision of paragraph 28 of HFCs (NHB) Direction 2010 |
Rs. 5000/- |
| 51 | IND Bank Housing Limited |
NHB(ND)/DRS/Sup./15326/2014 dated 28.10.2014 |
Non Maintenance of Liquid Assets in term of Section29 B (1) of the NHB Act, 1987 |
Rs. 5694/- |
| 52 | Dewan Housing Finance Corporation Limited |
NHB(ND)/DRS/Sup./16030/2014 dated 14.11.2014 |
Non Compliance with the provisions of Guidelines on Asset Liabilities Management (ALM) System for HFCs |
Rs. 25000/- |
| 53 | Religare Housing Development Finance Corporation Limited |
NHB(ND)/DRS/Sup./16602/2014 dated 03.12.2014 |
Scrutiny of Half Yearly Return as on 31.03.2014 |
Rs. 5000/- |
| 54 | Mentor India Limited |
NHB(ND)/HFC/DRS/Sup./100/2014 dated 30.12.2014 |
Levying the Penalty for Non Submission of Return |
Rs. 5000/- |
| 55 | PNB Housing Finance Limited |
NHB(ND)/DRS/Sup./17583/2014 dated 29.12.2014 |
Contravention of provision of paragraph 37 of the HFC (NHB) Direction 2010 |
Rs. 2000/- |
| 56 | Kerala Housing Finance Limited |
NHB(ND)/DRS/Sup./105/2015 dated 02.01.2015 |
Non Compliance with the provisions of Paragraph 42 of the HFCs (NHB) Direction 2010 |
Rs. 5000/- |
| 57 | Can Fin Homes Limited |
NHB(ND)/HFC/DRS/Sup./337/2015 dated 08.01.2015 |
Non Compliance in Submission of Return for the period ended 30.09.2014 |
Rs. 2000/- |
| 58 | Indiabulls Housing Finance Limited |
NHB(ND)/DRS/DMC/767/2015 dated 27.01.2015 |
Non Compliance with the provisions of Guidelines on Asset Liabilities Management (ALM) System |
Rs. 1000/- |
