The Reserve Bank of India (RBI) on October 11, 2024, issued a notification regarding Master Direction – Non-Banking Financial Company – Housing Finance Company (Reserve Bank) Directions, 2021.
The following has been stated: -
•In the public interest, and being satisfied that, to enable 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, the RBI issues 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://website.rbi.org.in/documents/87730/39710850/MD73NBFCHousingFinance_Oct102024.pdf
[Notification No. RBI/2020-21/73 DOR.FIN.HFC.CC.No.120/03.10.136/2020-21]
