Mumbai: The Reserve Bank of India (RBI) has tightened norms for housing finance companies (HFCs), particularly those raising public deposits. In terms of the master directions issued on Wednesday, HFCs must cease lending if they are not in a position to repay fixed deposit holders.
The central bank on Wednesday came out with a comprehensive rule book for HFCs. The comprehensive rule book for HFCs is in the wake of the central bank taking over the regulation and supervision of these spec..
