Question

    The Housing Finance companies (HFCs) are regulated by

    which of the following?
    A National Housing Bank Correct Answer Incorrect Answer
    B Ministry of Housing and Urban Affairs Correct Answer Incorrect Answer
    C Ministry of Finance Correct Answer Incorrect Answer
    D Reserve Bank of India Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Housing  Finance companies (HFCs) are regulated by Reserve Bank of India (RBI). The regulation of HFCs was transferred to RBI in August 2019. In June 2020, RBI has come out with the Regulatory framework for HFCs. Initially HFC were regulated by National Housing Bank (NHB).

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