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Why Did RBI Impose Penalties on Godrej Housing, HUDCO and Aadhar Housing Finance?
Godrej Housing financing, Aadhar Housing Finance, and HUDCO were fined by the RBI for not following its housing financing guidelines. Inspections under the National Housing Bank Act led the RBI to cite erroneous loan appraisals, early interest charges, and poor risk management, etc.
- 8th Sep 2024
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