 "Move to separate HFC regulation and supervision welcome, say experts")
The move to segregate regulation and supervision of housing finance companies (HFC) may seem odd and counterproductive at first, but experts see it as a welcome and practical move.
After the Budget, the regulation of HFCs will reside with the Reserve Bank of India (RBI), while supervision will continue with the National Housing Bank (NHB). This is not the first time in the local financial system that one entity is reporting to two separate bodies; it might also not be the last.
With an external sovereign bond issuance coming up, there are already talks about two debt managers
After the Budget, the regulation of HFCs will reside with the Reserve Bank of India (RBI), while supervision will continue with the National Housing Bank (NHB). This is not the first time in the local financial system that one entity is reporting to two separate bodies; it might also not be the last.
With an external sovereign bond issuance coming up, there are already talks about two debt managers
