Reserve Bank of India withdraws some waivers from housing finance firms

The Reserve Bank of India (RBI) has reserved certain exceptions granted to housing finance firms (HFCs), placing its rules on an equal footing with those of non-bank financial firms (NBFCs).

This comes after the National Housing Bank Act, 1987, as amended by the Finance Act, 2019, which conferred on the Reserve Bank of India certain powers to regulate HFCs.

The central bank said that HFCs are currently exempt from the 1934 ....