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Acts, Directions etc. Applicable to HFCs

The Regulatory Framework applicable to Housing Finance Companies (HFCs)...

Posted On: 2021-08-14 Author : R.S. Garg

In 2019, Government of India transferred the ‘Regulations of HFCs’ from National Housing Bank (NHB) to Reserve Bank of India (RBI) by amending the National Housing Bank Act, 1987. Consequently, RBI reviewed the regulatory framework as applicable to HFCs and issued number of notifications, directions, guidelines and instructions to HFCs. RBI also clarified that the HFCs will continue to be supervised by NHB as hitherto. Keeping in view the above, a compilation is made by Pioneer Housing Finance Academy, of relevant Acts, notifications, directions, guidelines and instructions as applicable to HFCs, which are detailed hereunder for ready reference of HFCs and other professionals...

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