HFCs urge RBI to scrap strict asset classification guidelines
2021-12-02
SynopsisThe Association of Housing Finance Companies (HFC), the umbrella body for all mortgage lenders, has appealed to the Reserve Bank of India Governor Shaktikanta Das and the National Housing Bank to do away with the stringent asset classification guidelines announced recently.AgenciesThe new RBI rules require NBFCs to treat such accounts as NPAs until the borrower…Continue Reading