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RBI’s Missed Opportunity In Strengthening Governance Of Housing Finance Firms
The proposed HFC framework fails to close an important loophole on restructuring of developer loans.
The Reserve Bank of India has proposed a new set of rules to govern housing finance companies, on which it has sought public feedback before the guidelines are finalised.The proposed framework has followed the transfer of regulation of HFCs from the National Housing Bank to the RBI, which itself was a consequence of governance concerns laid bare by the collapse of Dewan Housing Finance Corporation Ltd.The proposals broadly seek to ha...
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