The Reserve Bank of India (RBI) on January 15, 2024, released a draft circular on ‘Review of the regulatory framework for Housing Finance Companies (HFCs) and harmonization of regulations applicable to HFCs and Non-Banking Finance Companies (NBFCs)’.
The following has been stated: -
•The Reserve Bank of India today released the draft circular on ‘Review of the regulatory framework for HFCs and harmonisation of regulations applicable to HFCs and NBFCs’. Comments on the draft circular are invited from NBFCs (including HFCs) and other stakeholders by February 29, 2024.
•The draft circular proposes to review certain directions for deposit-taking NBFCs. This exercise is part of the further harmonization of HFC regulations with NBFC regulations.
URL: https://www.rbi.org.in/Scripts/bs_viewcontent.aspx?Id=4371
The detailed circular is given in the document attached below.
[Press Release: 2023-2024/1678]
