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Name the institution which become the regulator of Housing Finance Firms(HFFs) instead of NHB(National Housing Bank).
  • a)
    Small Industries Development Bank of India(SIDBI)
  • b)
    Insurance Regulatory and Development Authority(IRDA)
  • c)
    Securities and Exchange Board of India(SEBI)
  • d)
    Reserve Bank of India(RBI)
  • e)
    None of these
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
Name the institution which become the regulator of Housing Finance Fir...
On July 5, 2019, Finance Minister Nirmala Sitharaman stated that India’s central bank, Reserve Bank of India(RBI)will now given power to takes over as the regulator of Housing Finance Firms(HFFs) instead of NHB(National Housing Bank). The government will also provide a one-time six-month partial guarantee to state-run banks for the acquisition of up to 1 trillion rupees ($14.6 billion) of highly-rated assets from NBFCs(Non-Banking Financial Company ).The financial crisis emerged from Dewan Housing Finance Corporation (DHFC) and Reliance Capital Ltd led to this decision for giving fresh fund. The cash crunch at such firms could weaken the financial system and economy given their large lending role and ties with banks, mutual funds, and insurers.
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Name the institution which become the regulator of Housing Finance Firms(HFFs) instead of NHB(National Housing Bank).a)Small Industries Development Bank of India(SIDBI)b)Insurance Regulatory and Development Authority(IRDA)c)Securities and Exchange Board of India(SEBI)d)Reserve Bank of India(RBI)e)None of theseCorrect answer is option 'D'. Can you explain this answer?
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Name the institution which become the regulator of Housing Finance Firms(HFFs) instead of NHB(National Housing Bank).a)Small Industries Development Bank of India(SIDBI)b)Insurance Regulatory and Development Authority(IRDA)c)Securities and Exchange Board of India(SEBI)d)Reserve Bank of India(RBI)e)None of theseCorrect answer is option 'D'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about Name the institution which become the regulator of Housing Finance Firms(HFFs) instead of NHB(National Housing Bank).a)Small Industries Development Bank of India(SIDBI)b)Insurance Regulatory and Development Authority(IRDA)c)Securities and Exchange Board of India(SEBI)d)Reserve Bank of India(RBI)e)None of theseCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Name the institution which become the regulator of Housing Finance Firms(HFFs) instead of NHB(National Housing Bank).a)Small Industries Development Bank of India(SIDBI)b)Insurance Regulatory and Development Authority(IRDA)c)Securities and Exchange Board of India(SEBI)d)Reserve Bank of India(RBI)e)None of theseCorrect answer is option 'D'. Can you explain this answer?.
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