RBI Issues Master Directions For Housing Finance Companies: Care Ratings  
Residential buildings stand at a housing complex in Noida, Uttar Pradesh, India. (Photographer: Anindito Mukherjee/Bloomberg)

RBI Issues Master Directions For Housing Finance Companies: Care Ratings  

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Care Ratings Research Report

National Housing Bank was set up as a principal agency for the promotion of housing finance institutions both at local and regional levels and to provide financial and other support to such institutions.

To ensure a consistent regulatory regime, the Finance (No.2) Act, 2019 amended the National Housing Bank Act, 1987, conferring powers for regulation of Housing Finance Companies (HFCs) with Reserve Bank of India..

Earlier RBI had issued draft and then final regulatory framework for HFCs which treated HFCs as a specialised type of non-banking financial companies.

RBI has compiled and released these Master Directions for the better functioning of the financial system and HFCs.

Click on the attachment to read the full report:

Care Ratings RBI Issues Master Directions for HFCs.pdf

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