Now credit rating of deposits of housing finance companies will be in line with credit rating norms for NBFCs: RBI

RBI had decided to align provision relating to rating of deposit taking finance companies with provisions prescribed for NBFCs. In this regard, RBI has also prescribed the names of credit rating agencies and their minimum investment grade ratings for the purpose of accepting public deposits by deposit taking Housing Finance Companies (HFCs).RBI had decided to align provision relating to rating of deposit taking finance companies with provisions prescribed for NBFCs. In this regard, RBI has also prescribed the names of credit rating agencies and their minimum investment grade ratings for the purpose of accepting public deposits by deposit taking Housing Finance Companies (HFCs).taxmann.com Latest Statutory HappeningsRead More

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