RBI’s stricter HFCs norms to have minimal impact on PNB Hsg, LIC Hsg, Can Fin Homes, say analysts

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PNB Housing, LIC Housing Finance and Can Fin Homes will see limited to no impact of Reserve Bank of India’s proposed stricter norms for deposit-taking housing finance companies (HFCs), analysts said.
The central bank on January 15 proposed to reduce the ceiling for public deposits held by HFCs to 1.5x from 3x of net owned funds.

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Bunty Chawla, AVP-BFSI at IDBI Capital Markets & Securities explained that earlier HFCs could have deposits up to Rs 300 for Rs 100 of…
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Source: https://www.moneycontrol.com/news/business/markets/rbis-stricter-hfcs-norms-to-have-minimal-impact-on-pnb-hsg-lic-hsg-can-fin-homes-says-analysts-12057991.html/amp