Regulatory12 Jun 2026, 10:01 pm
Repco Home Finance fined ₹70,000 by RBI for Fair Practice Code violation
AI Summary
Repco Home Finance Limited has been penalized ₹70,000 by the Reserve Bank of India (RBI) for non-compliance with the 'Fair Practice Code' directions. The penalty was imposed via a speaking order on June 12, 2026. The company has stated that it has undertaken corrective actions to address the issue. The financial impact is limited to the penalty amount.
Key Highlights
- RBI imposed a penalty of ₹70,000 on Repco Home Finance.
- Violation pertains to non-compliance with 'Fair Practice Code'.
- Company has taken corrective actions.
- Financial impact limited to the penalty amount.
Price Impact
More from REPCOHOME