RBI to come up with revised norms for housing finance companies

Moreover, it will also allow the RBI to directly give liquidity support to the stressed HFC sector

The Reserve Bank of India (RBI) on Tuesday said housing finance companies (HFCs) would be treated as a category of non-banking financial companies, and that it would come up with revised guidelines for mortgage lenders after reviewing the regulatory framework.

Until the new norms are announced, HFCs have to comply with the framework issued by the National Housing Bank (NHB), the RBI said.

Moreover, the “NHB will continue to carry out supervision of HFCs, and HFCs will continue to submit various returns to NHB as hitherto. The grievance redressal mechanism with regard to HFCs will also continue to be with