New year brings stricter regulatory oversight for HFCs
Financial Express Chandigarh|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.

Bu hikaye Financial Express Chandigarh dergisinin January 02, 2025 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

Bu hikaye Financial Express Chandigarh dergisinin January 02, 2025 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

FINANCIAL EXPRESS CHANDIGARH DERGISINDEN DAHA FAZLA HIKAYETümünü görüntüle
Financial Express Chandigarh

Chinese Dam on Table for Sullivan's India Visit

AI, civilian nuclear cooperation, space may also be taken up

time-read
1 min  |
January 05, 2025
Financial Express Chandigarh

Mike Johnson Re-elected US House Speaker

Republican Congressman Mike Johnson on Friday was re-elected as Speaker of the US House of Representatives with a narrow victory margin of three votes.

time-read
1 min  |
January 05, 2025
Financial Express Chandigarh

Microsoft to spend $80 billion on AI data centers this year

MICROSOFT CORP PLANS to spend $80 billion this fiscal year building out data centers, underscoring the intense capital requirements of artificial intelligence.

time-read
1 min  |
January 05, 2025
Financial Express Chandigarh

S Korea investigators ask acting prez to clear way for Yoon's arrest

SOUTH KOREAN INVESTIGATORS again asked the country's acting president on Saturday to order the presidential security service to comply with an arrest warrant for impeached President Yoon Suk Yeol.

time-read
1 min  |
January 05, 2025
Financial Express Chandigarh

Rohit clears the air: Not going anywhere

Says those on outside can't influence when he stops playing

time-read
2 dak  |
January 05, 2025
Financial Express Chandigarh

No jail time for Trump, suggests judge in US hush money case

Will keep fighting, says communications director Cheung

time-read
1 min  |
January 05, 2025
Financial Express Chandigarh

Border-Gavaskar Trophy: As Bumrah leaves, 'captain' Kohli calls the shots

Kohli took charge after Bumrah left bowling due to spasm

time-read
3 dak  |
January 05, 2025
Financial Express Chandigarh

Big rockets, a telescope & big changes in space await in 2025

Some key events to look forward to in space & astronomy

time-read
4 dak  |
January 05, 2025
Financial Express Chandigarh

Worrying signs from the Arctic

Scientists say fires in the region could have major consequences

time-read
2 dak  |
January 05, 2025
Financial Express Chandigarh

Dr Manmohan Singh, RIP

emissary he had deployed. Although sceptical, I bounded off to North Block and was ushered in. It was my first official meeting with the FM. I conveyed the request, not a direction, of the prime minister.

time-read
3 dak  |
January 05, 2025