Housing Development Fin. Corp. Ltd. Monetary penalty imposed by Reserve Bank of India (4015T)

TIDM60CX

RNS Number : 4015T

Housing Development Fin. Corp. Ltd.

17 March 2023

Ref. No.: SE/2022-23/336

March 17, 2023

BSE Limited National Stock Exchange of India Limited

P. J. Towers Exchange Plaza, Plot No. C/1, G Block

   Dalal Street                                                     Bandra-Kurla Complex 
   Mumbai 400 001                                             Bandra (East), Mumbai 400 051 
   Kind Attn: Sr. General Manager                   Kind Attn: Head - Listing 

DCS - Listing Department

Dear Sirs/Madam,

Sub: Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

In accordance with the captioned regulations and the letter issued by Reserve Bank of India (RBI) bearing reference number CO.ENFD.DENBFC.No.S920/02-14-263/2022-23 dated March 17, 2023, this is to inform you that RBI has imposed a monetary penalty of Rs. 5,00,000 on the Corporation in exercise of powers conferred under Section 52A(1)(b) read with Section 49(3)(aa) of the NHB Act, 1987 .

The Corporation will be taking necessary steps to comply with the said letter.

You are requested to take note of the above and arrange to bring this to the notice of all concerned.

Thank you,

Yours faithfully,

For Housing Development Finance Corporation Ltd.

Ajay Agarwal

Company Secretary

CC: London Stock Exchange

10, Paternoster Square, London, EC4M 7LS

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March 17, 2023 08:06 ET (12:06 GMT)