With comfortable liquidity conditions and soft lending rates, banks have had very few occasions to use the Reserve Bank of India’s (RBI’s) refinance window for providing funding support to mutual funds (MFs), housing finance companies (HFCs) and exporters.
The National Housing Bank (NHB) has disbursed nearly Rs 2,120 crore to housing finance companies (HFCs) out of the Rs 4,000-crore refinance facility provided by the Reserve Bank of India, Chairman and Managing Director S Sridhar said today.
The National Housing Bank today said it will provide the special refinance fund, which has been received from the Reserve Bank of India (RBI) to boost housing demand, at 8 per cent interest rate to
The National Housing Bank’s (NHB’s) mandate on risk weights linked to the loan-to-value ratio is likely to prompt housing finance companies (HFCs) to introduce interest rate
The Reserve Bank of India (RBI) has permitted housing finance companies (HFCs) to raise up to $10 million through short-term foreign currency loans, like non-bank finance companies (NBFCs).
Housing finance players, including ICICI Bank, HDFC and State Bank of India, do not forsee an easing of lending rates on home loans immediately on account of rising inflation and borrowing costs.
Its no surprise that the non-performing assets (NPAs) of housing finance companies (HFCs) are on the rise. A recent news report, based on a sample of 17 HFCs, puts the average net NPAs at 2.4 per
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