 "Budget 2019: National Housing Bank will continue to inspect, penalise HFCs")
Most of the discussion around the Union Budget has happened around the hike in surcharge for the ultra high networth individuals and foreign portfolio investors. I am writing about a much less noticed and talked about item – moving the regulatory baton for housing finance companies (HFCs) from National Housing bank (NHB) to the Reserve Bank of India (RBI).
NHB as a separate regulator for HFCs was never really a good idea. It doubled up as a financier to the HFCs as well as was their regulator – which is a clear conflict of interest. Secondly, NHB just did
NHB as a separate regulator for HFCs was never really a good idea. It doubled up as a financier to the HFCs as well as was their regulator – which is a clear conflict of interest. Secondly, NHB just did
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