Tax & Penalty18 Sept 2026, 08:00 pm
Aavas Financiers fined ₹1.09 Cr by NHB for refinance scheme violations
AI Summary
Aavas Financiers Limited has received a communication from the National Housing Bank (NHB) regarding violations related to loan pools availed under NHB's refinance scheme. NHB has determined penal charges of INR 1.09 Crores payable by the company and has directed the repayment of a refinance facility amounting to approximately INR 12.24 Crores. The company stated it will take necessary actions to comply with these directions. This information was communicated on September 18, 2026.
Key Highlights
- NHB imposes ₹1.09 Cr in penal charges on Aavas Financiers.
- Company directed to repay INR 12.24 Cr refinance facility.
- Action taken due to violations in NHB refinance scheme.
- Aavas Financiers to comply with NHB's directions.
Price Impact
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