Definition of housing finance institution updated to company status, and regulatory authority extended to Reserve Bank alongside National Housing Bank. The amendment substitutes the phrase 'housing finance institution' with 'housing finance institution which is a company', restricting application to corporate entities, and replaces references to 'the National Housing Bank' with 'the National Housing Bank or the Reserve Bank, as the case may be', thereby allocating supervisory reference between two authorities.
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Definition of housing finance institution updated to company status, and regulatory authority extended to Reserve Bank alongside National Housing Bank.
The amendment substitutes the phrase "housing finance institution" with "housing finance institution which is a company", restricting application to corporate entities, and replaces references to "the National Housing Bank" with "the National Housing Bank or the Reserve Bank, as the case may be", thereby allocating supervisory reference between two authorities.
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