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	<title>Property News India and Featured Real Estate Stories &#187; Sarfaesi powers</title>
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		<title>RBI disagree with the plan to give Sarfaesi powers to HFCs</title>
		<link>https://groups.commonfloor.com/news/rbi-disagree-with-the-plan-to-give-sarfaesi-powers-to-hfcs-58423</link>
		<comments>https://groups.commonfloor.com/news/rbi-disagree-with-the-plan-to-give-sarfaesi-powers-to-hfcs-58423#comments</comments>
		<pubDate>Thu, 27 Mar 2014 04:25:57 +0000</pubDate>
		<dc:creator>gaurav.gupta</dc:creator>
				<category><![CDATA[Home Loan]]></category>
		<category><![CDATA[Finance ministry]]></category>
		<category><![CDATA[Financial institutions]]></category>
		<category><![CDATA[FIs]]></category>
		<category><![CDATA[HFCs]]></category>
		<category><![CDATA[Housing finance companies]]></category>
		<category><![CDATA[Housing sector]]></category>
		<category><![CDATA[Loans]]></category>
		<category><![CDATA[National Housing Bank]]></category>
		<category><![CDATA[NHB]]></category>
		<category><![CDATA[Non-banking financial companies]]></category>
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		<category><![CDATA[RBI]]></category>
		<category><![CDATA[RBI disagree]]></category>
		<category><![CDATA[Reserve Bank of India]]></category>
		<category><![CDATA[SARFAESI Act]]></category>
		<category><![CDATA[Sarfaesi Act-powers to housing finance companies]]></category>
		<category><![CDATA[Sarfaesi powers]]></category>
		<category><![CDATA[Sarfaesi powers to HFCs]]></category>

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		<description><![CDATA[The Reserve Bank of India (RBI) disagrees with finance ministry’s plan to give Sarfaesi Act-powers automatically to all housing finance companies (HFCs) registered with the National Housing Bank (NHB). An official says that the ‘stringent’ Sarfaesi powers should not be given to institutions without proper due diligence of their management, track-record, borrower profile and default [...]]]></description>
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