The Insurance Regulatory and Development Authority (IRDA) decided to exclude lending by insurance firms to housing finance companies as exposure to the finance sector. In a statement, the insurance regulatory body said these loans would be henceforth treated as funding to the hous
Tag: HFCs
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Housing finance firms may use ECB to fund projects
National Housing Bank (NHB) expects Housing finance companies (HFCs) to raise funds through the external commercial borrowings (ECBs) as Reserve Bank of India (RBI) reviewed ECB norms. HFCs may avail ECBs to fund their affordable housing projects, NHB, which is the regulator of the sector said. RV Verma, Chairman of NHB said the regulator received an application from HDFC for ECB and it expe
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Prudential norms for housing finance firms may be relaxed
RV Verma, Chairman and Managing Director of National Housing Bank (NHB) has informed a leading media that the body would relax prudential norms for housing finance companies (HFCs). NHB plans to relax prudential norms for housing finance companies following Reserve Bank of India's (RBI) decision to reduce risk weight on banks' home loan over Rs 2
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NHB chief rules out need for unified regulator
RV Verma, Chairman and Managing Director of National Housing Bank (NHB) ruled out the need for a unified regulator for banks and housing finance companies (HFCs). He said there is no need for a single regulator for banks and HFCs as there is not regulatory arbitrage as pointed out by SBI Chairman Pratip Chaudhuri