Risk weight back to pre-pandemic level of 50%
Loans to be offered to both retail and developers; funds being raised amid 13% expansion in loan portfolio over six months to September
Renting provides flexibility vis-a-vis size of the house and geography, frees up finances
The RBI's observations come at a time when it is considering a mandate for domestic processing of payment transactions in order to ring-fence India's local payment systems.
The whistleblower letter, sent at the end of December and also addressed to Reserve Bank of India and the National Housing Bank, said there were irregularities at one of the branches
The National Housing Bank said it has disbursed over Rs 30,000 crore so far in interest subsidy to affordable home loan borrowers under PMAY since the launch of the scheme in June 2016
National Housing Bank (NHB) has imposed a penalty of Rs 80,000 on PNB Housing Finance for not complying with loan disbursement norms in 2015.
Housing finance regulator National Housing Bank (NHB) has imposed a fine of Rs 47,000 on GIC Housing Finance for violation of the guidelines.
With a freeze on disbursements, its advances were almost flat at Rs 7,783.8 crore at end of June 2020 as against Rs 7,870.1 crore in March 2020
From 50 per cent, a home finance firm's exposure to retail loans will go down to 37.5 per cent. Instead of a floor for retail loans, should the RBI look for a ceiling for wholesale loans?
Central bank sets a formal definition of 'housing finance' in draft released on its website
The total maturing debt of HFCs for 2020-21 is estimated to be Rs 2.9-3.2 trillion, of which Rs 1.4 trillion is accounted for by debt markets, rating agency ICRA said in the report.
The development would attract higher foreign flows as many overseas funds are mandated to track global indices
DHFL is now under corporate insolvency resolution process as per IBC
The maximum exposure revised to 30 per cent of HFC's net owned fund (NOF) or 50 per cent of NHB's NOF, whichever is lower, it said.
Firm concludes its maiden PTC deal with ICICI Bank
FIDC has suggested that the National Housing Bank (NHB) which acts as the refinancing body for HFCs can be made the apex refinancing body for the entire NBFC sector
The company's counsel argued in the court that it was "malicious" and "malafide" petition which was causing loss to its business and reputation
Securitisation is needed to widen the pool of resources available to housing finance companies
Finance Minister Nirmala Sitharaman will meet heads of state-owned and private banks on Monday to discuss the ongoing liquidity crisis in NBFCs