Home Circulars & Notifications RBI Relaxes Provisions For Housing Finance Institutions

RBI Relaxes Provisions For Housing Finance Institutions

14
Spread the love
  •  
  •  
  •  
  •  
  •  
  •  
  •  

The Reserve Bank of India (RBI) relaxed certain provisions for Housing Finance Institutions.

The RBI has issued a notification in supersession of its earlier notification No. DOR. 047/CGM (MM)-2019 dated November 19, 2019.

“The provisions of Sections 45-IA, 45-IB and 45-IC of the Reserve Bank of India Act, 1934 shall not apply to a non-banking financial company which is a Housing Finance Institution as defined in clause (d) of section 2 of the National Housing Bank Act, 1987,” the notification said.

Read Notification:

Fullscreen Mode

LEAVE A REPLY

Please enter your comment!
Please enter your name here

*

code