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.
Denne historien er fra January 02, 2025-utgaven av Financial Express Lucknow.
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Denne historien er fra January 02, 2025-utgaven av Financial Express Lucknow.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Dixon Lines Up $3-Bn Display Fab Unit
Lall said it is a high Ebitda margin business for the company.
IT firms see shift to shorter deal cycles
CHANGE REFLECTS RAPID TECHNOLOGICAL ADVANCEMENTS
Kotak Bank to Maintain Its Margins
Aided by a rate-cut cycle & led by growth in high-yielding assets
Zomato Q3 profit plummets, misses estimates
FOOD & GROCERY DELIVERY FIRM'S REVENUE ROSE 64% TO ₹5,405 CR; BLINKIT BOOSTS EXPANSION TO OUTPACE RIVALS
Billionaire wealth soars 3x faster by $2 trillion in 2024
BILLIONAIRE WEALTH ACROSS the globe surged by $2 trillion in 2024 to $15 trillion at a rate three times faster than the previous year, a study showed on Monday as the richest of the world began to assemble for their annual jamboree in this ski resort town.
RG Kar case 'not rarest of rare'; life term for convict
A court in Kolkata's Sealdah on Monday sentenced Sanjoy Roy to life imprisonment \"until his last breath\" for the rape and murder of a junior doctor at the state-run RG Kar College and Hospital.
TVS enters electric 3-wheeler mkt
TVS MOTOR COMPANY on Monday entered the electric three-wheeler market with the launch of its King EV MAX model.
Biocon seeks tax cuts on cancer drugs
THE GOVERNMENT SHOULD eliminate tax on drugs for cancer treatment and for chronic and rare diseases, Biocon chairperson Kiran Mazumdar-Shaw said ahead of the FY26 Budget on February 1.
NCLT Orders Liquidation of Go First
THE NATIONAL COMPANY Law Tribunal (NCLT) on Monday ordered the liquidation of Go First, the budget carrier that stopped flying nearly three years ago after being bogged down by financial woes.
Govt Allows 1 MT of Sugar Exports After Gap of a Year
● Traders welcome move; sugar firms' share prices rise
