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 Kolkata.
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Denne historien er fra January 02, 2025-utgaven av Financial Express Kolkata.
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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Lodha pre-sales soar to record ₹4,510 cr in Q3
The realtor added 8 new projects in 9MFY25 at ₹19,500 crore gross development value across three regions
Residual benefit of tariff hikes to boost telcos' Arpu in Q3
THE IMPACT OF the recent tariff hikes will continue to boost average revenue per user (Arpu) of telecom operators - Reliance Jio, Bharti Airtel and Vodafone Idea - in the October-December quarter.
Nxtra, Bizongo lead emerging unicorns
INDIA'S UNICORN CLUB may soon welcome five new members, as startups valued at or above $900 million prepare to cross the $1-billion valuation threshold by 2025.
Rabi sowing enters last phase, slightly above last-year level
ABOUT A WEEK left for the season to be over, sowing of rabi crops such as wheat, pulses, oilseeds and coarse cereals have crossed the year-ago level, even as oilseeds area has declined on year.
Space Sector Funding Down 55%
FUNDING IN SPACE sector, a key part of the country's ambitions to become a global superpower, plummeted by 55% in 2024 to $59.1 million from $130.2 million the previous year, according to data from Tracxn.
Govt Mulls Hallmarking for Silver Jewellery
Food and Consumer Affairs Minister Pralhad Joshi on Monday asked the Bureau of Indian Standards (BIS) to consider implementing mandatory hallmarking for silver and silver artifacts following consumer demands.
Dam over Brahmaputra will not impact water flows to India: China
CHINA ON MONDAY reiterated its plan to build the world's biggest dam over the Brahmaputra River in Tibet near the Indian border, saying the planned project has gone through rigorous scientific verification and will not have any negative impact on downstream countries -- India and Bangladesh.
Services PMI at 4-month high
DEMAND BUOYANCY CONTINUES TO DRIVE GROWTH
Centre eyes private capital for $107-bn grid expansion
INDIA IS ASKING states to attract more private capital to accelerate the expansion of its power transmission network, part of a plan to revamp the country's grid and accommodate more clean power.
Raising exemption limit on home loan interest to ₹5 lakh from ₹2L suggested
Raising exemption limit on home loan interest to ₹5 lakh from ₹2L suggested
