Supreme Court Lays Down Principles Governing Joint Trials in Criminal Cases under CrPC and BNSS  ||  Karnataka HC: Person Joining Festivals of Another Religion Does Not Violate Rights  ||  Himachal Pradesh High Court: Recovery of Money without Proof of Demand Is Not Bribery  ||  Kerala HC: Cognizance Of Rape u/s 376B IPC Needs Complaint by Separated Wife, Not on Police Report  ||  J&K&L HC: Dealership & Lease Agreements Are Separate Contracts and Disputes Must Be Filed Separately  ||  Calcutta High Court: Unemployment Does Not Excuse Able-Bodied Husband from Maintaining His Wife  ||  Ker. HC: Violating the Procedure for Sampling Contraband u/s 53A of Abkari Act Vitiates Prosecution  ||  Delhi High Court: Students with Less Than 75% Attendance Cannot Contest DU Student Union Elections  ||  Delhi High Court: UGC Cannot Debar a University from PhD Admissions under UGC Act  ||  Delhi High Court: MCD's Higher Property Tax on Luxury Hotels Not Arbitrary    

RBI releases proposed changes in regulations applicable to Housing Finance Companies for public comments- (Reserve Bank of India) (17 Jun 2020)

MANU/RPRL/0094/2020

Banking

Post transfer of regulation of HFCs from National Housing Bank (NHB) to Reserve Bank with effect from 9th August , 2019, a Press Release dated August 13, 2019 was issued stating that Reserve Bank will carry out a review of the extant regulatory framework applicable to HFCs and come out with revised regulations in due course, and till such time HFCs shall continue to comply with the directions and instructions issued by NHB.

2. The Reserve Bank has undertaken the said review and has identified a few changes which are proposed to be prescribed for HFCs. These are as follows:

a. Defining principal business and qualifying assets for HFCs;

b. Defining the phrase 'providing finance for housing' or 'housing finance';

c. Classifying HFCs as systemically important (asset size of Rs. 500 crore & above) and non-systemically important (asset size less than Rs. 500 crore); and

d. Reserve Bank's directions on Liquidity Risk framework &, LCR, securitisation, etc., for NBFCs, to be made applicable to HFCs.

3. The Reserve Bank has, today, placed a draft of the changes proposed as above on its website. The Reserve Bank seeks public comments on the draft framework for consideration before issuing the final guidelines. Responses of HFCs, market participants and other stakeholders may be sent latest by July 15, 2020 over email with subject line 'Feedback - proposed changes to regulations applicable to HFCs'.

Tags : CHANGES   REGULATIONS   HOUSING FINANCE COMPANIES FOR  

Share :        

Disclaimer | Copyright 2025 - All Rights Reserved