MUMBAI, India, April 24 -- Reserve Bank of India issued the following press release:
The Reserve Bank of India (RBI) has, by an order dated April 21, 2026, imposed a monetary penalty of ₹80,000/- (Rupees Eighty Thousand only) on Muthoot Housing Finance Company Limited (the company) for non-compliance with certain directions issued by RBI on 'Fair Practice Code'. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of 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 corres...