The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1.80 lakh on Hinduja Housing Finance Limited for non-compliance with RBI directions related to governance norms.

The penalty was imposed through an order dated April 27, 2026, under the provisions of the National Housing Bank Act, 1987. The action followed a statutory inspection conducted by RBI based on the company’s financial position as of March 31, 2025.

According to RBI, the company failed to obtain prior written approval from the central bank before implementing changes in management that resulted in more than 30% change in its directors, excluding independent directors.

The regulator clarified that the penalty pertains to deficiencies in regulatory compliance and does not affect the validity of any transactions or agreements entered into by the company with its customers. RBI also stated that the action is without prejudice to any further measures that may be initiated against the company.