RBI warns UCBs against High Risk Innovative Housing Loan Products
RBI/2013-14/268 UBD CO BPD (PCB) Cir. No.17/09.22.010/2013-14 September 17, 2013 The Chief Executive Officer All Primary (Urban) Co-operative Banks Dear Sir / Madam, Housing Sector: Innovative Housing Loan Products - Upfront Disbursal of Housing Loans Primary (Urban) Co-operative Bank It has been observed that some banks have introduced certain innovative Housing Loan Schemes in association with… Read More
Tags: Bank, CICs, Construction, EMI, Loan, Mortgage loan, Public housing, Schemes
Checklists for NBFCs, NBFC-MFIs, NBFC-Factors & CICs
RBI/2012-13/319 DNBS.CC.PD.No. 312/03.10.01/2012-13 December 07, 2012 To All NBFCs (excluding RNBCs) Dear Sir, Checklist for NBFCs, Non Banking Financial Company-Micro Finance Institutions (NBFC-MFIs), Non Banking Financial Company-Factoring Institutions (NBFC-Factors) and Core Investment Companies (CICs) Please refer to the Application for seeking Certificate of Registration from the Reserve Bank and the list of documents mentioned therein… Read More
Tags: CICs, NBFC-Factors, NBFC-MFIs, NBFCs