India, Dec. 5 -- The Reserve Bank of India (RBI) has, by an order dated December 03, 2025, imposed a monetary penalty of Rs 3,10,000/- (Rupees Three Lakh Ten Thousand only) on Truhome Finance Limited (formerly known as Shriram Housing Finance Limited) (the company) for non-compliance with certain provisions of the Reserve Bank of India (Know Your Customer (KYC)) Directions issued by RBI. This penalty has been imposed in exercise of powers conferred on RBI under Section 52A of the National Housing Bank Act, 1987.
The statutory inspection of the company was conducted by the National Housing Bank with reference to its financial position as on March 31, 2024. Based on the supervisory findings of non-compliance with RBI directions and related c...