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Godrej Housing financing, Aadhar Housing Finance, and HUDCO were fined by the RBI for not following its housing financing guidelines. Inspections under the National Housing Bank Act led the RBI to cite erroneous loan appraisals, early interest charges, and poor risk management, etc.
- 8th Sep 2024
- 1149 Views
With new regulations, the RBI has changed how housing finance companies (HFCs) can raise and handle public deposits. New rules restrict HFCs from boosting public deposits for more than five years. The RBI has also lowered the deposit limit from three times to 1.5 times net owned funds.
- 21st Aug 2024
- 1149 Views
CEO Gagan Banga emphasises investor base expansion and the consolidation of seven companies into the home finance company.
- 7th Mar 2023
- 1825 Views