15 Proposals worth Rs 6400 Cr Sanctioned for Stressed NBFCs and HFCs

The Finance Ministry has declared that the government has sanctioned 15 proposals worth Rs 6400 crores as part of the Special Liquidity Package, a part of the Rs 20.97 lakh crore ‘Atmanirbhar Bharat’ Package announced by the government. What is the Scheme? This scheme was launched on July 1 and it permits both primary and ..

Month: Current Affairs - August, 2020

Category: Economy & Banking Current Affairs • Government Schemes Current Affairs

Topics: Finance Ministry • HFCs • National Housing Bank • NBFCs • NHB • RBI

Housing Finance Companies to be treated as NBFCs

The Reserve Bank of India (RBI) has issued a notification stating that housing finance companies (HFCs) will be treated as one of the categories of Non-Banking Financial Companies (NBFCs) for regulatory purposes and it will come under its direct oversight. Finance Act of 2019 The Finance Act, 2019 has amended the National Housing Bank Act, ..

Topics: Bank • Central bank • Economy • Finance • Financial services • High-fructose corn syrup • National Housing Bank • NBFCs • Non-bank financial institution • Non-Banking Financial Companies • Reserve Bank of India • Reserve Bank of India

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

Topics: All India Financial Institution • housing finance companies • liquidity • Liquidity Infusion Facility • National Housing Bank • National Housing Bank Act 1987

Sarada Kumar Hota appointed as Managing Director of National Housing Bank

Sarada Kumar Hota has been appointed as the new Managing Director of National Housing Bank (NHB) for a period of three years. Prior to this appointment, Hota was Managing Director and Chief Executive Officer of Can Fin Homes. NHB, which is now 100% owned by the government, is the nodal agency for supervision, refinance and ..

Topics: Economy • Finance • India • National Housing Bank • Personal finance • Refinancing • Reserve Bank of India

RBI to Divest its Entire Stake in NABARD and NHB

The Reserve Bank of India (RBI) has sold its entire stakes in the National Bank for Agriculture & Rural Development (NABARD) and National Housing Bank (NHB) for Rs 20 crore and Rs 1,450 crore respectively. Disinvestment by RBI The decision to divest its entire stake was taken based on the recommendations of the second Narasimham Committee. ..

Month: Current Affairs - April, 2019

Category: Economy & Banking Current Affairs

Topics: NABARD • National Bank for Agriculture & Rural Development • National Housing Bank • NHB • RBI • Reserve Bank of India • SBI