Question
Under the revised review of regulatory framework for
Housing finance company (HFCs), by January 2025, what percentage of total public deposits must deposit-taking HFCs maintain in liquid assets? Read the following passage and answer the following question. Housing Finance Companies (HFCs) and Non-Banking Financial Companies (NBFCs) have seen significant regulatory changes over the past decade. Following the transfer of HFC regulation from the National Housing Bank (NHB) to the Reserve Bank of India (RBI) in 2019, the regulatory landscape has focused on aligning HFCs with the broader NBFC regulatory framework. Recent changes include tighter liquidity management rules, new norms for deposit-taking entities, and restrictions on exposure to capital markets. These reforms aim to enhance financial stability and ensure that both HFCs and NBFCs adhere to similar prudential standards. In particular, deposit-taking HFCs are now required to maintain a higher proportion of liquid assets and adhere to stricter credit rating criteria. Additionally, HFCs involved in public deposit acceptance are mandated to implement more stringent controls around asset cover and deposit ceiling limits.Solution
By January 2025, under the revised Master Direction – Non-Banking Financial Company – Housing Finance Company (Reserve Bank) Directions, 2021, deposit-taking HFCs are required to maintain 14% of their total public deposits in liquid assets, as part of the phased regulatory changes. This will increase to 15% by July 2025.
Which of the following missions is dedicated to study the solar corona and is being touted as India’s first solar mission?
The former Spanish footballer, Antonio Lopez Habas, was the coach at the Hero ISL 2020- 21 of which of the following football teams?
The concept of "Minimum Support Price"(MSP) is primarily associated with:
___________ would help India to convert 150 villages around the Centres of Excellence into villages of Excellence.
The Government of India approved the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB-PM-JAY) in the year ______.
Which of the following statements is are CORRECT regarding Menstrual and maternity leaves for girl students in all universities in Kerala?
1. ...
Machines, tools and implements, and buildings are examples of which type of goods?
Which of the following has/have been added by the 92nd Amendment Act of 2003 as Scheduled Languages in the 8th Schedule of the Constitution of India? <...
In which season is Sarhul celebrated in Jharkhand?
Radhe Shyam Barle, the notable dancer from Durg, was awarded the Padma Shri Award in 2021 for which of the following dance forms?