1 year ago in Daily GK Current Affairs

Read the following statements:

  1. Housing finance companies (HFCs) will be treated as a category of non-banks, as per RBI.

  2. It will release a revised regulatory framework for these entities.

  3. This comes after the Finance Act, 2019 amended the National Housing Bank Act, 1987, conferring certain powers for the regulation of HFCs with the Reserve Bank of India.

Which of the following statements are correct?

[A] Only 1 
[B] Only 2
[C] Both 1 and 3
[D] Both 2 and 3
[E] All are correct
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