GIC Housing Finance has received show cause notice from National Housing Bank (NHB) in connection with Delay in submission of half yearly return. Based on inspection and reply submitted by company, NHB has directed the company to pay a penalty of Rs 1,000 (plus GST) which has been paid by the company.
GIC Housing Finance’s primary business is granting housing loans to individuals and to persons/entities engaged in construction of houses/flats for residential purposes.