RBI imposes monetary penalty on Khush Housing Finance Private Limited, Mumbai, Maharashtra
Case Brief
By an order dated May 19, 2025, RBI imposed a monetary penalty of ₹16,000 on Khush Housing Finance Private Limited, Mumbai, Maharashtra. The penalty was imposed under Section 52A of the National Housing Bank Act, 1987 after a statutory inspection and subsequent supervisory proceedings found non-compliance with RBI directions on KYC. RBI stated that the sustained charge was the company’s failure to carry out risk categorisation of its customers.
RBI imposed a monetary penalty under Section 52A of the National Housing Bank Act, 1987 after supervisory findings showed non-compliance with RBI directions on Know Your Customer (KYC). The sustained charge was that Khush Housing Finance Private Limited failed to carry out risk categorisation of its customers. The action followed a statutory inspection and a show-cause notice, and RBI stated the penalty is based on regulatory deficiencies and without prejudice to any other action.
Severity Assessment
The action is a monetary penalty of only ₹16,000, which falls within the lowest monetary band and carries no broader operational restriction.
The company must absorb the monetary penalty and address the KYC control lapse identified by RBI. The order itself does not impose an operational restriction, but it signals continued supervisory scrutiny and leaves open the possibility of further action by RBI if warranted.
Published as Khush Housing Finance Private Limited
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