RegAlertEnforcement · RBI · 12 Jun 2026
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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( 163 kb ) Date : Jun 12, 2026 RBI imposes monetary penalty on Repco Home Finance Limited
The Reserve Bank of India (RBI) has, by an order dated June 05, 2026, imposed a monetary penalty of ₹70,000/- (Rupees Seventy thousand only) on Repco Home Finance 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 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 disclose the approach for gradation of risk and rationale for charging different rate of interest to different categories of borrowers in the application forms and in the sanction letters.
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)
Chief General Manager
Press Release: 2026-2027/446
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- National Housing Bank Act, 1987Not in RegAlert
“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.”
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