The Reserve Bank of India (RBI) on August 29, 2023, issued the updated Master Direction – Non-Banking Financial Company – Housing Finance Company (Reserve Bank) Directions, 2021.
The following has been stated: -
•For the purpose of enabling the Bank to regulate the financial system to the advantage of the country and to prevent the affairs of any Housing Finance Company (HFC) from being conducted in a manner detrimental to the interest of investors and depositors or in any manner prejudicial to the interest of such HFCs.
•To every HFC, in supersession of the regulations/ directions as given in Chapter XVII of these directions, the Non-Banking Financial Company – Housing Finance Company (Reserve Bank) Directions, 2021 hereinafter specified.
URL: https://rbidocs.rbi.org.in/rdocs/content/pdfs/MD100017022021_A.pdf
The detailed notification is given in the document attached below.
[Notification No. RBI/2020-21/73 DOR.FIN.HFC.CC. No.120/03.10.136/2020-21]
