Question
The Housing Finance companies (HFCs) are regulated by
which of the following?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).
Which of the following statements is correct
A. Under MSF banks can borrow funds overnight up to 0.5% (50 BPS) of their NDTL
B. In MSF (Ma...
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Turmeric is an example of underground stem, known as-
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