housing finance companies Current Affairs, GK & News

RBI extends Risk Based Internal Audit rules to HFCs

June 12, 2021

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. ..

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Cabinet approves Partial Credit Guarantee Scheme

December 12, 2019

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 ..

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NHB to provide Rs.10,000 cr  liquidity infusion facility to HFCs

August 3, 2019

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 ..

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