Answer-The Reserve Bank of India (RBI) has introduced new guidelines for Housing Finance Companies (HFCs) t...

The new RBI guidelines require HFCs to have a minimum investment grade credit rating to accept or renew public deposits. If an HFC does not meet this rating, it cannot accept or renew deposits until compliance is achieved. Therefore, option B, which suggests allowing HFCs to accept public deposits without this rating, is incorrect.

Question

The Reserve Bank of India (RB

I has introduced new guidelines for Housing Finance Companies (HFCs) to align their regulations with Non-Banking Financial Companies (NBFCs) starting January 1, 2025. Which of the following is not a part of these revised guidelines?

A Increasing the minimum liquid asset requirements for HFCs from 13% to 14% of public deposits

B Allowing HFCs to accept public deposits without an investment grade credit rating

C Reducing the ceiling on public deposits for HFCs from 3 times to 1.5 times of net owned funds

D Requiring HFCs to ensure full asset cover for public deposits and inform the National Housing Bank (NHB) if asset cover falls short

E Mandating that public deposits must be repayable within 12 to 60 months

Practice Next

More BeePedia – Current Affairs Questions

What is the name of India’s first butterfly sanctuary, located in Kerala?
According to the space cybersecurity initiative, the Space Cyber Security Framework and Guidelines were released at which event held in New Delhi in Februa...
Who took charge as the Director General of Defence Estates on May 31, 2025?
What is the maximum planned range of the Astra Mark 2 missile?
Which organization represented India at the 25th Asian Regional Conference of Interpol?
SIDBI & GAME have collaborated for their NBFC Growth Accelerator Program (NGAP).Which of the following statements is/are true regarding this collaboration ...
Which portal was replaced by BAANKNET in January 2025?
Which position did India’s men’s team finish in the 2024 World Squash Team Championships?
How many e-trucks are targeted for support under India’s new e-truck incentive scheme?
What was the theme of International Day of Education 2022?

Relevant for Exams:

RBI Grade B
RBI Grade B DEPR
RBI Grade B DSIM

Hey! Ask a query

The Reserve Bank of India (RB

Detailed Solution

More BeePedia – Current Affairs Questions

Relevant for Exams:

Hey! Ask a query

Please Register/Login