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NHB imposes fine of Rs 45,000 on Reliance Home Finance

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Imposes fine

It is a subsidiary of Reliance Capital Company.

Housing finance regulator National Housing Bank has imposed a fine of Rs 45,000 on Anil Ambani group company Reliance Home Finance for violating certain rules, a filing said. 

“National Housing Bank (NHB) has imposed a penalty of Rs 45,000 on the company for contravention of certain provisions of Housing Finance Companies (NHB) directions, 2010,” Reliance Home Finance said in a regulatory filing on Thursday. 

It is a subsidiary of Reliance Capital Company.

Source: PTI

(Note: The story has been published without modifications to the text. Only the headline have been changed.)

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