Tag: housing finance companies
Housing financial companies notified under SARFAESI Act as financial institutions if registered with NHB & assets worth of at least 100 crores MINISTRY OF FINANCE(Department of Financial Services) NOTIFICATION New Delhi, the 17th June, 2021 S.O.2405(E).—In exercise of the powers conferred by sub-clause (iv) of clause (m) of …
RBI issues Master Direction Non-Banking Financial Company – Housing Finance Company (Reserve Bank) Directions, 2021 RESERVE BANK OF INDIA DEPARTMENT OF REGULATION CENTRAL OFFICE, 2ND FLOOR, MAIN OFFICE BUILDING SHAHID BHAGAT SINGH MARG, FORT, MUMBAI – 400 001 RBI/2020-21/73 DOR.FIN.HFC.CC.No.120/03.10.136/2020-21 February 17, 2021 Master Direction …
RBI relaxes provisions for Housing Finance Institutions. Net owned fund of 20 crore rupees specified to commence business RESERVE BANK OF INDIA(Department of Regulation) NOTIFICATION Mumbai, the 18th November, 2020 No. DOR.049/CGM(MM)–2020.—In exercise of the power conferred by section 45-NC of the Reserve Bank of India Act, 1934, …
RBI withdraws Chapter IIIB exemptions from Housing Finance Companies RBI withdraws exemptions from Housing Finance Companies Housing Finance Institutions (HFIs) as defined under Clause (d) of Section 2 of the National Housing Bank Act, 1987. Such HFIs are currently exempt from the provisions of Chapter IIIB of Reserve …
