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NHB to reduce penalty on GIC Housing Finance

01 Jan 2021 Evaluate

National Housing Bank (NHB) has decided to reduce the penalty amount to Rs 16,000 plus GST on accounts of delay and non-submission of returns. Earlier, NHB has imposed penalty of Rs 47000.

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.

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