HFCs are currently exempt from the provisions of Chapter IIIB of Reserve Bank of India Act, 1934
Housing Finance Institutions are currently exempt from the provisions of Chapter IIIB of Reserve Bank of India Act, 1934. On a review, The Reserve Bank of India (RBI) has decided to withdraw these exemptions and make the provisions of Chapter IIIB except Section 45-IA of Reserve Bank of India Act, 1934, applicable to them.Powered by Capital Market - Live News
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