Wednesday, June 17, 2020

Reserve Bank of India proposes tougher rules for housing finance companies

The central bank said that HFCs can either take exposure on the group company in real estate business or lend to retail individual home buyers in the projects of group entities, but not do both.

source https://economictimes.indiatimes.com/industry/banking/finance/reserve-bank-of-india-proposes-tougher-rules-for-housing-finance-companies/articleshow/76430720.cms

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