RBI imposes penalties on three housing finance companies for non-compliance with directions

New Delhi [India], September 7 (ANI): The Reserve Bank of India has imposed monetary penalties on three Non-Banking Financial Companies for non-compliance with directions of RBI on housing finance companies.

As per the official statement from RBI on Friday, it has imposed a monetary penalty of Rs 5 lakh on Godrej Housing Finance Limited, Rs 5 lakh on Aadhar Housing Finance Limited, and Rs 3.5 lakh on Housing and Urban Dev