Recorded RBI impact
Fine: Rs 3.10 L
Monetary penalty · Fresh imposition
Published by RBI
5 Dec 2025
Case Brief
The Reserve Bank of India imposed a monetary penalty of Rs 3,10,000 on Truhome Finance Limited, formerly Shriram Housing Finance Limited, by order dated December 03, 2025. The penalty followed a statutory inspection conducted by the National Housing Bank with reference to the company’s financial position as on March 31, 2024, and related supervisory proceedings. RBI found that the company had not complied with certain RBI Know Your Customer Directions, specifically that it failed to obtain PAN or equivalent e-document or Form No. 60 in certain loan accounts. RBI stated that the penalty was based on deficiencies in regulatory compliance and did not pronounce on the validity of any transaction or agreement, and that it was without prejudice to any other action that may be initiated.
Why RBI Acted
RBI imposed a monetary penalty under Section 52A of the National Housing Bank Act, 1987 after a statutory inspection and show-cause process found non-compliance with certain provisions of the RBI (Know Your Customer) Directions. The sustained charge was that Truhome Finance Limited failed to obtain Permanent Account Number (PAN), equivalent e-document, or Form No. 60 in certain loan accounts.
Operating Impact
The company must absorb the monetary penalty and address the KYC compliance gaps identified by RBI. The order does not impose an operational ban, but it signals continued supervisory scrutiny and possible further action if similar deficiencies persist.
Regulatory Basis
- Section 52A of the National Housing Bank Act, 1987
Action Facts
- Primary Impact
- Fine: Rs 3.10 L
- Order Date
- 3 Dec 2025
- Effective From
- 3 Dec 2025
- Entities Affected
- 1
- Entity Role
- Primary
- Entity Type
- NBFC