{"id":86210,"date":"2019-08-14T15:41:42","date_gmt":"2019-08-14T10:11:42","guid":{"rendered":"http:\/\/factly.forumias.com\/?p=9154"},"modified":"2019-08-14T15:41:42","modified_gmt":"2019-08-14T10:11:42","slug":"rbi-takes-over-hfc-regulation-from-nhb","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/rbi-takes-over-hfc-regulation-from-nhb\/","title":{"rendered":"RBI takes over HFC regulation from NHB"},"content":{"rendered":"\n<ol class=\"wp-block-list\"><li>The Reserve Bank of India(RBI) has approved a proposal to shift regulation of Housing finance companies(HFCs) from the National Housing Bank(NHB) to the RBI.<\/li><li>Hence,HFCs will now be treated as one of the categories of non-banking financial companies(NBFCs) for regulatory purposes.<\/li><li>Further,any housing finance institution which is a company desirous of making an application for registration under the NHB Act,1987 must approach the department of Non-Banking Regulation at the RBI.<\/li><li>RBI will also review the current regulatory framework applicable to housing finance companies(HFCs) following which it will come out with revised regulations.<\/li><li>Until the new guidelines,HFCs shall continue to comply with the directions and instructions issued by the NHB which will continue to carry out supervision of HFCs.&nbsp;<\/li><li>The National Housing Bank(NHB) was set up in 1988 under the National Housing Bank Act,1987.NHB is an apex financial institution for housing.<\/li><li>Its objective is to operate as a principal agency to promote housing finance institutions both at local and regional levels and to provide financial and other support incidental to such institutions and for matters connected therewith.<\/li><li>Recently,RBI had divested its stake in National Housing Bank(NHB) and National Bank for Agriculture &amp; Rural Development (Nabard) by making them fully government-owned.<\/li><\/ol>\n","protected":false},"excerpt":{"rendered":"<p>The Reserve Bank of India(RBI) has approved a proposal to shift regulation of Housing finance companies(HFCs) from the National Housing Bank(NHB) to the RBI. Hence,HFCs will now be treated as one of the categories of non-banking financial companies(NBFCs) for regulatory purposes. Further,any housing finance institution which is a company desirous of making an application for&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/rbi-takes-over-hfc-regulation-from-nhb\/\">Continue reading <span class=\"screen-reader-text\">RBI takes over HFC regulation from NHB<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3127],"tags":[3609,3213,394],"class_list":["post-86210","post","type-post","status-publish","format-standard","hentry","category-economy","tag-hfc","tag-nhb","tag-rbi","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704666583},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86210","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=86210"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86210\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=86210"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=86210"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=86210"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}