Can Fin Homes fined ₹2.7 Lakh by RBI for Fair Practices Code non-compliance

Can Fin Homes Limited has been penalized ₹2,70,000 by the Reserve Bank of India (RBI) for non-compliance with certain provisions of the 'Fair Practices Code' directions. The penalty, imposed under the National Housing Bank Act, 1987, stems from a violation related to the bifurcation of interest and principal in installments collected from borrowers. The issue was identified during a statutory inspection by the National Housing Bank for the financial position as of March 31, 2025. Can Fin Homes has implemented corrective measures effective April 1, 2026, to ensure compliance and stated that the penalty has no material impact on its financial or operational activities.