Intimation of penalty imposed by National Housing Bank

NHB in exercise of the powers vested with it under Section 52 A of the NHB Act, 1987, imposed a penalty of Rs. 30,000/- on the Company for non-compliance under Para 28 of the HFC (NHB) Directions, 2010. The penalty was imposed vide letter dated August 13, 2021 and paid within stipulated time.