HFCs to move regulator, govt to address rate hike and other industry issues

Also plan to take up issues such as impact of IRAC norms, status of Automatic Data Flow requirement, among others

The Association of Housing Finance Companies (AHFC), which has 33 registered housing finance companies spread across the country focused on affordable housing finance as its members, plans to take various concerns of the industry that affect its asset category and customer segment to regulatory bodies, and state and central governments.

The members of the association collectively manage affordable housing finance assets in excess of Rs 50,000 crore. In its meeting held recently, the association discussed the recent hike in interest rates and its impact on new business and on existing portfolios. “The meeting discussed the repo rate hike of 190