RBI proposes change in Housing Finance Company's norms, stricter parameters set?
Video description:
The much-waited definition of Housing Finance Companies’ new norms issued by the Reserve Bank of India has finally come to light. New norms include, Financing for purchase construction, reconstruction; financing for renovation and repair; loans for furnishing; loans against properties or any other purpose; At least 50% of the net assets as housing finance loans; at least 75% of loans must be individual loans; HFCs to be given a timeline to comply with criteria and much more. MD & CEO of Repco Home Finance, Yashpal Gupta, and Ajit Kumar Gupta of Indiabulls Housing Finance share their views on this new change in norms and also explains the benefits driven from it. Listen in! Subscribe To ET Now For Latest Updates On Stocks, Business, Trading | ► https://goo.gl/SEjvK3 Subscribe Now To Our Network Channels :- Times Now : http://goo.gl/U9ibPb The NewsHour Debate : http://goo.gl/LfNgFF To Stay Updated Download the Times Now App :- Android Google Play : https://goo.gl/zJhWjC Apple App Store : https://goo.gl/d7QBQZ Social Media Links :- Twitter - http://goo.gl/hA0vDt Facebook - http://goo.gl/5Lr4mC G+ - http://goo.gl/hYxrmj Website - www.etnownews.com
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