Question
According to the revised review of regulatory framework
for Housing finance company (HFCs), what is the reduced ceiling on the quantum of public deposits that deposit-taking HFCs can hold in relation to their net owned fund? 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
Under the revised Master Direction – Non-Banking Financial Company – Housing Finance Company (Reserve Bank) Directions, 2021, deposit-taking HFCs are now limited to holding public deposits up to 1.5 times their net owned fund, reduced from the earlier ceiling of 3 times.
- Suman alone can complete a work in 40 days. Pooja is twice as efficient as Suman. Find the percentage of work completed by Suman and Pooja together in 8 da...
A and B can complete a task together in 16 days, while B alone takes 32 days to finish it. A began working alone and left after ‘x’ days, after whic...
A cheetah can catch a deer running with a speed of 108 km/h and is 66 meters ahead of it, in 12 seconds. Find the time taken by the cheetah to catch a z...
A robot can finish a task as quickly as two humans, 'E' and 'F', together. If human 'E' can finish the task in 8 hours and human 'F' in 24 hours, how lo...
If 6 men and 5 boys can complete a piece of work in 9 days, while 24 men and 20 boys can complete the same work in 3 days, how long will it take for 12 ...
'Y' is 36% less efficient compared to 'X'. If 'X' requires 86.4 days to finish a task, determine how many days 'Y' will take to complete the same task.
‘A’ alone can complete a work in 10 days. ‘B’ alone can complete the same work in 20 days. If ‘A’ and ‘B’ work together for 3 days, then...
‘A’ and ‘B’ alone can do a certain work in 30 days and 40 days, respectively. Both started the work together but after ‘x’ days ‘A’ left...
G' can complete (3/4) of a job in 24 days, while 'G' and 'H' together can complete the same job in 16 days. Find the time taken by 'H' to complete 25%...
‘A’ and ‘B’ can complete a certain work in 13 days and 26 days, respectively. They started working together and worked till completion of the wo...
