Economics · Regulatory Bodies
Which statement accurately reflects the regulatory jurisdiction over Housing Finance Companies (HFCs) in India?
- 1HFCs are jointly regulated by the Ministry of Finance and the Ministry of Housing and Urban Affairs.
- 2HFCs are regulated by the Reserve Bank of India (RBI), which took over regulatory powers from the NHB.✓
- 3HFCs are regulated by SEBI since they are treated as public entities under listed equity norms.
- 4HFCs are exclusively regulated and supervised by the National Housing Bank (NHB).
Correct answer
HFCs are regulated by the Reserve Bank of India (RBI), which took over regulatory powers from the NHB.
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