Reliance Home Finance slips 2.5% after Rs20,000 penalty imposition by NHB

National Housing Bank has penalised the company for contravention of certain provisions of Housing Finance companies.

Sep 21, 2020 12:09 IST India Infoline News Service

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National Housing Bank (NHB) has imposed a penalty of Rs20,000 on Reliance Home Finance Limited for contravention of certain provisions of Housing Finance companies.

“NHB has imposed a penalty of Rs20,000 on the company for contravention of certain provisions of Housing Finance Companies Directions, 2010,” company informed the exchanges on Friday.

Reliance Home Finance Ltd is currently trading at Rs1.89, down by Rs0.05 or 2.58% from its previous closing of Rs1.94 on the BSE.
The scrip opened at Rs1.94 and has touched a high and low of Rs1.94 and Rs1.88 respectively.

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