The RBI has imposed a monetary penalty of ₹2.70 lakh on Can Fin Homes Limited for non-compliance with Fair Practices Code requirements.
Penalty Imposed on Can Fin Homes Limited
The Reserve Bank of India has imposed a monetary penalty of ₹2.70 lakh on Can Fin Homes Limited as of June 18, 2026, due to the company's failure to comply with certain directions regarding the Fair Practices Code.
This punitive measure was executed under the powers ascribed to the RBI by Section 52A of the National Housing Bank Act, 1987. The statutory inspection conducted revealed discrepancies in adherence to the guidelines set forth, which prompted regulatory action.
The RBI's enforcement signal reiterates the critical need for companies to align their operational practices with prescribed regulatory frameworks. It aims to mitigate risks and enhance consumer protection within the housing finance sector.
Legal advisors for housing finance sectors should ensure clients are thoroughly educated on compliance matters to avoid penalties and foster trust with consumers.
Citations
- Reserve Bank of India (2026) Press Release 62977
