3 housing firms penalized for non-compliance of RBI directions
The Reserve Bank of India has imposed fines on three housing firms for non-compliance with financial regulations. Godrej Housing, Aadhar Housing Finance Ltd, and Housing and Urban Development Corporation Limited were penalized for issues such as improper risk categorization, absence of independent valuation reports, and charging unfair interest rates. These penalties emphasize the need for strict regulatory adherence.
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The Reserve Bank of India has imposed fines on three housing firms for non-compliance with financial regulations. Godrej Housing, Aadhar Housing Finance Ltd, and Housing and Urban Development Corporation Limited were penalized for issues such as improper risk categorization, absence of independent valuation reports, and charging unfair interest rates. These penalties emphasize the need for strict regulatory adherence. 
