Monetary Penalty on Can Fin Homes Limited · 2026-2027/499
RBI press-release 2026-2027/499 · 19 Jun 2026
Official title
RBI imposes monetary penalty on Can Fin Homes Limited
Summary
Check the official recordWhat changed
The Reserve Bank of India imposes a monetary penalty of ₹2.70 lakh on Can Fin Homes Limited. The company failed to comply with Fair Practices Code directions. The company did not clearly indicate the bifurcation between interest and principal in loan instalments collected from borrowers. The Reserve Bank of India imposes this penalty under Section 52A of the National Housing Bank Act, 1987. This action follows a statutory inspection of the company financial position as of March 31, 2025. The penalty does not affect the validity of any transaction or agreement between the company and its customers.
What you must do
- The company must pay a monetary penalty of ₹2.70 lakh.
Key dates
- Reference date for the statutory inspection
- 31 Mar 2025
- Date of the order imposing the penalty
Document text
June 19, 2026
RBI imposes monetary penalty on Can Fin Homes Limited
The Reserve Bank of India (RBI) has, by an order dated June 18, 2026, imposed a monetary penalty of ₹2.70 lakh (Rupees Two Lakh Seventy Thousand only) on Can Fin Homes Limited (the company) for non-compliance with certain provisions of the directions issued by RBI on ‘Fair Practices Code’. This penalty has been imposed in exercise of the powers conferred on RBI under Section 52A of the National Housing Bank Act, 1987.
The statutory inspection of the company was conducted by National Housing Bank with reference to its financial position as on March 31, 2025. Based on the supervisory findings of non-compliance with RBI directions and related correspondence in that regard, a notice was issued to the company advising it to show cause as to why penalty should not be imposed on it for failure to comply with the said directions.
After considering the company's reply to the notice and oral submissions made during the personal hearing, RBI found that the following charge against the company was sustained, warranting imposition of monetary penalty: The company failed to clearly indicate the bifurcation between interest and principal in the loan instalments collected from borrowers.
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the company with its customers. Further, imposition of this monetary penalty is without prejudice to any other action that may be initiated by RBI against the company.
(Brij Raj) Press Release: 2026-2027/499 Chief General Manager प्रेस प्रकाशनी PRESS RELEASE
भारतीय ǐरज़वर् बैंक
RESERVE BANK OF INDIA
वेबसाइट : www.rbi.org.in/hindi संचार ͪ वभाग, केंद्रȣय कायार्लय, शहȣद भगत ͧ संह मागर्, फोटर्, मुंबई - 400 001 Website : www.rbi.org.in Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort, ई-मेल/email : helpdoc@rbi.org.in Mumbai - 400 001 फोन/Phone: 022 - 2266 0502
Source details
- Source
- Reserve Bank of India
- Type
- press-release
- Published by source
- 19 Jun 2026
- Document number
- 2026-2027/499
- Issuing division
- Department of Communication
- Coverage area
- banking