Penalties

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/-

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