Can Fin Homes Limited has received a monetary penalty of Rs 0.027 crore from the Reserve Bank of India for non-compliance with provisions of the Fair Practices Code directions issued by the central bank.
The penalty was imposed under Section 52A of the National Housing Bank Act, 1987. The Reserve Bank of India issued a speaking order that was received by Can Fin Homes Limited via email on June 19, 2026. Can Fin Homes Limited informed the National Stock Exchange and BSE Limited of this development under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.
The non-compliance was identified during a statutory inspection conducted by the National Housing Bank with reference to Can Fin Homes Limited's financial position as on March 31, 2025. The violation relates to Paragraph 80.4 of the Master Direction for Non-Banking Financial Company - Housing Finance Company (Reserve Bank) Directions, 2021. This provision requires instalments collected from borrowers to clearly indicate the bifurcation between interest and principal.
Can Fin Homes Limited implemented corrective measures effective April 1, 2026. Can Fin Homes now incorporates the bifurcation of principal and interest in the Statement of Account. The statement separately discloses the principal, interest, and charges from each instalment received from the borrower. This corrective action addresses the specific requirement under Paragraph 80.4 of the Master Direction.
Can Fin Homes Limited stated that there is no material impact on its financial, operational, or other activities due to the penalty payable. Can Fin Homes Limited has confirmed that the corrective measures have brought it into full compliance with the relevant RBI directions. The disclosure was also uploaded to the website of Can Fin Homes Limited.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.