1. RBI proposes tighter regulations for deposit-taking housing finance firms In the news: The RBI has proposed to tighten the regulations for deposit-taking in housing finance firms/companies (HFCs). Deposit-taking housing finance companies (HFCs) will have to maintain 15% liquid assets against public deposits held by them (earlier 13%). To enhance requirements of liquid assets as […]
1. Fitch affirms India’s investment grade rating at ‘BBB-‘ on robust growth outlook In the news: Fitch Ratings affirmed India’s sovereign rating at ‘BBB-‘ with a stable outlook on robust medium-term growth prospects and sound external finances. India’s rating has remained unchanged at ‘BBB-‘, the lowest investment grade, since August 2006. India is poised to […]
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