Ms Kemi Gupta

Kemi Gupta

Updates

Banking & Financial Services

RBI issues regulatory framework for housing finance companies
India | 10 November 2020

The Reserve Bank of India recently issued a circular introducing changes to the regulatory framework for housing finance companies (HFCs). Among other things, the circular defines what constitutes an HFC, sets out the minimum net owned funds required by HFCs and sets out the requirements for non-banking financial company-investment and credit companies. This article examines the recent changes.