RBI Proposes Harmonized Regulations for Housing Finance Companies and NBFCs Draft Framework for Regulatory Harmonization On January 15, the Reserve Bank of India (RBI) released a draft framework aimed at harmonizing the regulations for Housing Finance Companies (HFCs) and Non-Banking Finance Companies (NBFCs). This initiative covers multiple areas, including deposit directions. The banking regulator has invited NBFCs, HFCs, and other stakeholders to provide comments by February 29, 2024. RBI’s draft circular also indicates that certain […]