<p>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.</p>.<p>However, the company has asked the regulator to reconsider the penalty.</p>.<p>In a letter dated June 11, NHB has advised the company to pay a penalty of Rs 80,000 plus GST for non-compliance with policy regarding disbursement of home loans in the year 2015, PNB Housing Finance said in a regulatory filing on Tuesday.</p>.<p>The home loan disbursements were related to Pushpban and Chaitraban projects situated at a village in Pune, promoted and developed by DSK.</p>.<p>"The company has made a representation to NHB on June 14, 2021, to reconsider the penalty as this matter was earlier dealt with by the NHB in October 2019 and a caution advice was then issued," PNB Housing Finance said.</p>.<p>Shares of PNB Housing on Tuesday closed at Rs 738.05 apiece on the BSE, down 4.99 per cent from the previous close. </p>
<p>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.</p>.<p>However, the company has asked the regulator to reconsider the penalty.</p>.<p>In a letter dated June 11, NHB has advised the company to pay a penalty of Rs 80,000 plus GST for non-compliance with policy regarding disbursement of home loans in the year 2015, PNB Housing Finance said in a regulatory filing on Tuesday.</p>.<p>The home loan disbursements were related to Pushpban and Chaitraban projects situated at a village in Pune, promoted and developed by DSK.</p>.<p>"The company has made a representation to NHB on June 14, 2021, to reconsider the penalty as this matter was earlier dealt with by the NHB in October 2019 and a caution advice was then issued," PNB Housing Finance said.</p>.<p>Shares of PNB Housing on Tuesday closed at Rs 738.05 apiece on the BSE, down 4.99 per cent from the previous close. </p>