On December 05, 2025, the Reserve Bank of India (RBI) announced it has imposed a monetary penalty of ₹3,10,000 on Truhome Finance Limited (formerly known as Shriram Housing Finance Limited) due to non-compliance with certain provisions of the Reserve Bank of India (Know Your Customer (KYC)) Directions issued by RBI.
The penalty was imposed following a statutory inspection of the company's financial position as of March 31, 2024, and subsequent supervisory findings of non-compliance with RBI directions. The company was issued a notice to show cause as to why the penalty should not be imposed. After considering the company's response and submissions, RBI sustained the charge warranting the penalty.
The company failed to obtain Permanent Account Number (PAN) or equivalent e-document thereof or Form No. 60 in certain loan accounts. The penalty was imposed under Section 52A of the National Housing Bank Act, 1987, and is based on deficiencies in regulatory compliance.
The press release number is 2025-2026/1647. Brij Raj, Chief General Manager, issued the release. RBI can be contacted via email at helpdoc@rbi.org.in or via phone at 022 - 2266 0502. The website is www.rbi.org.in.
Key Entities Referenced
Reserve Bank of India (RBI): The regulator imposing the monetary penalty.
Truhome Finance Limited: The entity on which the monetary penalty is imposed.
Reserve Bank of India (Know Your Customer (KYC)) Directions issued by RBI: The directions for which Truhome Finance Limited was non-compliant.
National Housing Bank Act, 1987: Act that confers power on RBI under Section 52A, which allowed the penalty imposition.
National Housing Bank: The bank that conducted the statutory inspection of Truhome Finance Limited
प्रेस प्रकाशनी PRESS RELEASE
भारतीय ररज़र्व बैंक
RESERVE BANK OF INDIA
वेबसाइट
:
www.rbi.org.in/hindi
संचार वर्भाग, केंद्रीय कायाालय, शहीद भगत ससिंह मागा, फोटा, म िंबई - 400 001
Website : www.rbi.org.in Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort,
ई-मेल/email : helpdoc@rbi.org.in Mumbai - 400 001 फोन/Phone: 022 - 2266 0502
December 05, 2025
RBI imposes monetary penalty on Truhome Finance Limited
The Reserve Bank of India (RBI) has, by an order dated December 03, 2025,
imposed a monetary penalty of ₹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
correspondence in that regard, a notice was issued to the company advising it to
show cause as to why penalty should not be imposed on it for its failure to comply
with the said directions.
After considering the company’s reply to the notice, oral submissions made during
the personal hearing and additional submissions made by it, RBI found, inter alia,
that the following charge against the company was sustained, warranting imposition
of monetary penalty:
The company failed to obtain Permanent Account Number (PAN) or equivalent e-
document thereof or Form No. 60 in certain loan accounts.
This action is based on deficiencies in regulatory compliance and is not intended
to pronounce upon the validity of any transaction or agreement entered into by the
company. Further, imposition of this monetary penalty is without prejudice to any
other action that may be initiated by RBI against the company.
(Brij Raj)
Press Release: 2025-2026/1647 Chief General Manager