National Housing Bank (NHB) has imposed a penalty of Rs 80,000 on PNB Housing Finance for not complying with loan disbursement norms in 2015. However, the company has asked the regulator to reconsider the penalty. The home loan disbursements were related to Pushpban and Chaitraban projects situated at a village in Pune, promoted and developed by DSK.
PNB Housing Finance is a registered housing finance company with National Housing Bank (NHB). They provide housing loans to individuals and corporate bodies for construction, purchase, repair and up-gradation of houses.
