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RBI imposes penalties on Godrej Housing, HUDCO, and Aadhar Housing Finance

RBI imposes penalties on Godrej Housing, HUDCO, and Aadhar Housing Finance:

The Reserve Bank of India (RBI) has levied penalties on three Non-Banking Financial Companies (NBFCs) for failing to comply with its directives on housing finance companies. The penalties are as follows: Godrej Housing Finance Limited and Aadhar Housing Finance Limited were each fined Rs 5 lakh