According to the revised guidelines by the RBI, deposit-taking housing finance companies (HFCs) are required to maintain liquid assets to the extent of what percentage of public deposits on an ongoing basis by January 1, 2025?

Deposit-taking HFCs are required to maintain liquid assets to the extent of 14% of public deposits on an ongoing basis by January 1, 2025. • Liquid Asset Requirement: o Currently, deposit-taking HFCs must maintain 13% liquid assets against public deposits. o By January 1, 2025, this requirement increases to 14%. o By July 2025, they must maintain 15% of liquid assets. • Repayment Tenure for Public Deposits: o The RBI mandates that public deposits accepted or renewed by HFCs must now be repayable after a minimum period of 12 months and up to a maximum of 60 months. o Existing deposits with maturities exceeding 60 months can be repaid according to their repayment profile. o Previously, HFCs were permitted to accept or renew deposits for periods of up to 120 months. • Revised Ceiling on Public Deposits: The permissible public deposit ceiling for HFCs has been reduced from 3 times to 1.5 times of Net Owned Fund (NoF), enhancing regulatory alignment with NBFCs.