India Home Loan Ltd

RBI imposed a monetary penalty on India Home Loan Ltd., Mumbai, for non-compliance with KYC directions. The company had failed to periodically review account risk categorisation and update customer KYC.

India Home Loan Ltd. must bear the penalty and address the KYC compliance gaps identified by RBI. The release does not impose an operational restriction, but the finding may expose the company to further supervisory action if deficiencies continue.

• Section 52A of the National Housing Bank Act, 1987

RBI imposed a ₹1 lakh penalty on India Home Loan Limited, Mumbai, for regulatory non-compliance. The sustained breach was sanctioning loans beyond the prescribed LTV ratio.

The company must absorb the monetary penalty and remain subject to RBI/NHB supervisory oversight. The order does not invalidate customer transactions or agreements, and RBI notes that further action may still be initiated if warranted.

• clause (b) of sub-section (1) of Section 52A read with clause (aa) of sub-section (3) of Section 49 of the National Housing Bank Act, 1987