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Apr 28, 2025

Review of Guidelines for Private Placement by Housing Finance Companies of NCDs

The RBI has clarified that: (i) the Guidelines on Private Placement of Non-Convertible Debentures (‘NCDs’) with a maturity period of more than one year as applicable to NBFCs and contained in the Master Direction on Reserve Bank of India (Non-Banking Financial Company – Scale Based Regulation) Directions, 2023 are mutatis mutandis applicable to Housing Finance Companies (‘HFCs’) for all fresh private placements of NCDs (with a maturity period of more than one year) by HFCs; and (ii) the extant guidelines under Chapter XI of the Master Direction on Non-Banking Financial Company – Housing Finance Company (Reserve Bank) Directions, 2021 stand repealed.

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These are the views and opinions of the author(s) and do not necessarily reflect the views of the Firm. This article is intended for general information only and does not constitute legal or other advice and you acknowledge that there is no relationship (implied, legal or fiduciary) between you and the author/AZB. AZB does not claim that the article's content or information is accurate, correct or complete, and disclaims all liability for any loss or damage caused through error or omission.

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