New year brings stricter regulatory oversight for HFCs
Financial Express Lucknow|January 02, 2025
WITH THE RESERVE Bank of India's (RBI) new guidelines coming into effect on Wednesday, housing finance companies (HFCs) are stepping into the new year under stricter regulatory oversight.
SACHIN KUMAR

The revised norms are likely to nudge HFCs to borrow more from the money market, which could increase the borrowing cost by 20-30 basis points.

In the revised norms announced in August last year, the central bank reduced the ceiling on the quantum of public deposits by deposit-taking HFCs from three times to 1.5 times of net-owned funds.

The reduction of the limit by RBI will impact the ability of the housing finance companies to raise deposits.

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هذه القصة مأخوذة من طبعة January 02, 2025 من Financial Express Lucknow.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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