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Budget 2019: RBI to oversee housing finance companies

Budget 2019: RBI to oversee housing finance companies

Saturday, July 6, 2019, 8:50 AM

India would transfer the supervisory powers on its housing finance companies to Mint Street from National Housing Bank (NHB), ending the regulatory arbitrage that local mortgage lenders have been enjoying to date. NHB, besides being the refinancer and lender, is also regulator of the housing finance sector. This gives a somewhat conflicting and difficult mandate to NHB.
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