India, June 15 -- The Reserve Bank of India has imposed a monetary penalty of Rs 70,000 on Repco Home Finance Limited for non-compliance with regulatory directions relating to the Fair Practice Code.
The penalty was imposed through an order dated June 5, 2026, under the provisions of the National Housing Bank Act, 1987.
The action follows a statutory inspection conducted by the National Housing Bank (NHB) with reference to the company's financial position as of March 31, 2025. Based on supervisory findings and subsequent correspondence, the RBI issued a show-cause notice seeking an explanation from the company regarding the identified compliance deficiencies.
After reviewing the company's response and oral submissions made during a perso...