RBI reins in housing finance companies…at last! Will help real estate clean up process

If the collapse of IL&FS was the trigger for the crisis in the NBFC sector, the subsequent collapse, followed by allegations of fraud, at Dewan Housing and Finance Ltd (DHFL), was a pointer to the need to tighten regulatory oversight of the sector.

from Banking & Finance – The Financial Express https://ift.tt/2NebTl1