Regulatory Alerts2026-06-12
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RBI imposes monetary penalty on Repco Home Finance Limited
The Reserve Bank of India imposed a monetary penalty of ₹70,000 on Repco Home Finance Limited for non-compliance with directions on the Fair Practice Code. The penalty stems from the company's failure to disclose its risk gradation approach and the rationale for charging different interest rates to various borrower categories in application forms and sanction letters. This action was taken under section 52A of the National Housing Bank Act, 1987, following a statutory inspection and notice process.
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