RBI relaxes requirements applicable to non-banking financial companies for Housing Finance Institutions

The Reserve Bank of India vide notification dated 18 November, 2020 has relaxed the requirements applicable to non-banking financial companies for Housing Finance Institutions as per the National Housing Bank Act, 1987. The Requirement for registration, net owned fund, Reserve fund and Maintenance of percentage of assets under the RBI Act shall no longer be applicable to Housing Finance institutions.

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