RBI · Enforcement
RBI fines Can Fin Homes ₹2.70 lakh for fair practices code violation
The Reserve Bank of India penalised Can Fin Homes for failing to separate interest and principal in loan instalments, in a rare enforcement under the National Housing Bank Act.
What changed
- RBI imposed ₹2.70 lakh penalty on Can Fin Homes for non-compliance.
- Company failed to indicate bifurcation of interest and principal in loan instalments.
- Action based on statutory inspection by National Housing Bank as of March 31, 2025.
The read
RBI fined Can Fin Homes ₹2.70 lakh. The housing finance company failed to show borrowers the split between interest and principal in loan instalments, a direct violation of the Fair Practices Code. The penalty is small. But the use of Section 52A of the National Housing Bank Act sends a warning to all lenders: disclosure lapses will not be tolerated.
Key numbers
- Penalty amount: ₹2.70 lakh
- Inspection date: March 31, 2025
- Order date: June 18, 2026
- Section: 52A of NHB Act, 1987
Primary source: rbi.org.in