Can Fin Homes penalised ₹2.70 lakh by RBI for code breach

1 min read     Updated on 21 Jun 2026, 02:04 AM
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Shriram SScanX News Team
AI Summary

Can Fin Homes Limited received a monetary penalty of ₹2.70 lakh from the RBI for non-compliance with the Fair Practices Code regarding the bifurcation of principal and interest in borrower instalments. The penalty, imposed under Section 52A of the National Housing Bank Act, 1987, followed a statutory inspection for the financial position as on March 31, 2025. The company has implemented corrective measures effective April 1, 2026, and confirmed no material impact on its operations.

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Can Fin Homes Limited received a monetary penalty of ₹2.70 lakh from the Reserve Bank of India (RBI) for non-compliance with specific provisions of the Fair Practices Code. The penalty was imposed under Section 52A of the National Housing Bank Act, 1987, following a statutory inspection by the National Housing Bank (NHB). The company confirmed there is no material impact on its financial or operational activities due to this penalty.

The regulatory action stemmed from a violation observed during the inspection with reference to the company's financial position as on March 31, 2025. The RBI identified non-compliance with Paragraph 80.4 of the Master Direction - Non-Banking Financial Company - Housing Finance Company (Reserve Bank) Directions, 2021. This regulation mandates that instalments collected from borrowers must clearly indicate the bifurcation between interest and principal.

In response to the RBI's speaking order received via email on June 19, 2026, the company has taken corrective action. Can Fin Homes implemented measures effective April 1, 2026, to incorporate the bifurcation of principal and interest in the Statement of Account. The company now separately details the principal, interest, and charges out of the instalment received from the borrower, ensuring compliance with the RBI directions.

The disclosure was submitted in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Nilesh Jain, Company Secretary, affirmed that the information provided is true, correct, and complete to the best of his knowledge and belief.

Particulars Details
Authority Reserve Bank of India (RBI)
Penalty Amount ₹2.70 lakh
Regulation Violated Paragraph 80.4 of NBFC-HFC Directions, 2021
Inspection Reference Financial position as on March 31, 2025
Corrective Action Date April 1, 2026

Historical Stock Returns for Can Fin Homes

1 Day5 Days1 Month6 Months1 Year5 Years
+0.80%+3.49%+6.43%-4.72%+14.84%+74.81%

Will this penalty prompt Can Fin Homes to conduct a comprehensive audit of other compliance protocols?

How might the RBI's scrutiny influence Can Fin Homes' operational costs and governance frameworks moving forward?

Could this regulatory action signal a broader trend of stricter enforcement for housing finance companies?

Can Fin Homes sets July 17 deadline for dividend TDS documents

1 min read     Updated on 20 Jun 2026, 06:27 AM
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Can Fin Homes Ltd has fixed July 3, 2026, as the record date for a final dividend of ₹8 per share, subject to AGM approval. Shareholders must submit TDS documents by July 17, 2026, to avoid higher tax deductions.

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Can Fin Homes Ltd has set Friday, July 17, 2026, as the deadline for shareholders to submit documents for nil or lower Tax Deduction at Source (TDS) on the final dividend of ₹8 per share for FY26. The record date for determining eligibility is Friday, July 3, 2026. The dividend, recommended by the Board on April 24, 2026, is subject to approval at the Annual General Meeting (AGM) scheduled for July 29, 2026. Shareholders must ensure their PAN and residential status are updated to avoid higher deduction rates.

The company stated that TDS would be deducted at 10% for resident shareholders with a valid PAN, while those without a valid PAN would face a 20% deduction. Resident individuals may receive the dividend without TDS if the total payout does not exceed ₹10,000 or if they submit Form 121, provided their estimated total income for FY26 is nil. Non-resident shareholders will face a withholding tax of 20% plus surcharge and cess, unless they provide valid documents to claim benefits under the Double Tax Avoidance Agreement (DTAA).

Specific categories of resident non-individual shareholders, such as insurance companies, mutual funds, and Alternative Investment Funds (AIFs), are exempt from TDS upon submission of valid PAN and self-declarations. The company emphasized that all required documents must be uploaded to the RTA's website by the July 17 deadline. Incomplete or unsigned forms will not be accepted, and no communication regarding tax determination will be considered after this date.

The 39th AGM will be held via video conference on July 29, 2026. Dividend payments will be made electronically within 30 days of the meeting's conclusion. Shareholders holding shares in dematerialized mode must update their KYC with depositories, while physical shareholders must update details with the Registrar and Transfer Agent, M/s. Integrated Registry Management Services Private Limited.

Key Dates and TDS Rates

Category Applicable Rate Document Deadline
Record Date July 3, 2026 N/A
TDS Document Submission N/A July 17, 2026
Resident with valid PAN 10% July 17, 2026
Resident without valid PAN 20% N/A
Non-Resident (without DTAA) 20% + surcharge & cess July 17, 2026

Historical Stock Returns for Can Fin Homes

1 Day5 Days1 Month6 Months1 Year5 Years
+0.80%+3.49%+6.43%-4.72%+14.84%+74.81%

How will the strict July 17 deadline for TDS documentation impact shareholder participation rates and administrative costs?

Could the 10% TDS deduction influence retail investor sentiment toward holding Can Fin Homes stock versus other dividend-yielding NBFCs?

What are the potential cash flow implications for the company given the requirement to disburse dividends within 30 days of the AGM?

More News on Can Fin Homes

1 Year Returns:+14.84%