NHB Imposes a Fine Rs. 4.75 lakhs on HDFC for Technical Non-Compliance

NHB imposes a fine of Rs. 4.75 lakhs

Housing Development Finance Corporation Ltd. was fined Rs. 4.75 lakhs by the NHB for their defection of some norms. HDFC on Tuesday said that they were getting fined Rs. 4.75 lakhs + GST for breaking a few norms by the National Housing Bank on Monday, July the 5th. NHB Imposes a Fine Rs. 4.75 lakhs on HDFC for Technical Non-Compliance

The circulars they received were dated November 2013 and July 2016. HDFC said that they would be doing everything to comply with the said letters. This affected HDFC’s shares which closed at Rs. 2493.00 apiece on the BSE.

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