RBI proposes minimum 11.5% capital for four AIFIs

Reserve Bank of India (RBI) proposed a minimum of 11.5% capital for four all India financial institutions (AIFI). Key Facts This minimum capital was proposed in accordance with Basel III framework for raising the resilience of AIFI in periods of ..

Month: Current Affairs - October, 2021

National Housing Bank: Rs 10,000 crore Special Refinance Facility launched

The National Housing Bank recently launched the “Special Refinance Facility”, 2021. Rs 10,00 crores has been allocated to this facility. Special Refinance Facility, 2021 The main objective of the facility is to provide short term refinance support to the housing ..

Month: Current Affairs - April, 2021

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 ..

Month: Current Affairs - August, 2020

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. ..

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 ..

Month: Current Affairs - August, 2019

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 ..

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 ..

Month: Current Affairs - April, 2019

RBI sells entire stake in NABARD, NHB to Government for Rs 1,470 crore

Reserve Bank of India has sell entire stake in NABARD and NHB to Government for Rs 1470 crore. The RBI has exited the National Housing Bank (NHB) and the National Bank for Agriculture & Rural Development (NABARD), by selling its ..