housing finance companies Current Affairs, GK & News
RBI extends Risk Based Internal Audit rules to HFCs
Reserve Bank of India (RBI) has extended Risk-Based Internal Audit (RBIA) rules to all deposit-taking and non-deposit taking HFCs (Housing Finance Companies) who are having assets above Rs 5,000 crore. These rules will be effective from June 30, 2022. Highlights Earlier on February 3, RBI had made these rules applicable to other entities as well. ..
Month: Current Affairs - June, 2021
Category: Economy & Banking Current Affairs - 2022
Topics: housing finance companies • NBFCs • Non-Banking Financial Companies (NBFCs) • Risk-Based Internal Audit • urban co-operative banks (UCBs)
Cabinet approves Partial Credit Guarantee Scheme
Union Cabinet approved the ‘Partial Credit Guarantee Scheme’ that allows public sector banks (PSBs) to purchase high-rated pooled assets from financially sound non-banking finance companies (NBFCs) and housing finance companies (HFCs). However, the amount of overall guarantee has been limited to first loss of up to 10% of fair value of assets (FAV) being purchased ..
Month: Current Affairs - December, 2019
Category: Economy & Banking Current Affairs - 2022
Topics: Cabinet Decision • Department of Economic Affairs • HFC • housing finance companies • Ministry of Finance • NBFC • non-banking finance companies • Partial Credit Guarantee Scheme • Public Sector Banks
NHB to provide Rs.10,000 cr liquidity infusion facility to HFCs
The housing sector regulator National Housing Bank (NHB) opened a liquidity infusion facility of Rs.10000 crore for Housing Finance Companies (HFCs) to improve liquidity in sector. The move is taken to unveil measures to boost lending and accelerate growth. About Liquidity Infusion Facility This decision by NHB to infuse an additional Rs.10000 crore into Housing ..
Month: Current Affairs - August, 2019
Category: Economy & Banking Current Affairs - 2022
Topics: All India Financial Institution • housing finance companies • liquidity • Liquidity Infusion Facility • National Housing Bank • National Housing Bank Act 1987