100% FDI likely for mortgage guarantee firms (Indian Express Finance via Yahoo! India News)

Story date: 2007-12-18 11:02:26
Added on: 2007-12-19 10:53:02

The government may treat mortgage guarantee companies as non-banking finance companies (NBFCs). This would enable foreign firms to set up wholly owned subsidiaries in India as there is no foreign direct investment (FDI) cap for NBFCs. The rules governing this are expected to be unveiled soon, according to sources. The finance ministry favoured the inclusion of mortgage guarantee companies in the ...


Read more...

Related Stories:

• Norms for mortgage guarantee firms made lenient (Business Standard India)

  In line with Finance Minister P Chidambaram's directive to ensure housing to the lower classes, the Reserve Bank of India (RBI) has...
  2008-01-23 10:45:31

• NHB to form mortgage guarantee firm with foreign insurer

  The National Housing Bank (NHB) is in talks with a US-based insurance company to set up a Mortgage Guarantee Company which will...
  2010-04-09 02:30:45

• RBI modifies regulatory framework for mortgage guarantee cos.

  MyIris - The Reserve Bank of India (RBI) modified guidelines for mortgage Guarantee Companies (MGCs) for study by a wider audience. According...
  2008-01-23 02:52:00

• RBI defines norms for mortgage guarantee companies

  Indian Express - MUMBAI, JANUARY 23: Taking cue from the US mortgage market that is reeling under a big crisis, the Reserve...
  2008-01-23 01:14:00

• Banking and Financial (Mondaq)

  With the robust Indian economy and consequent increase in housing loans vis-a-vis the ambivalent stand of the Government of India ("GOI") on...
  2008-03-09 01:32:33

• Mortgage guarantors may be allowed only 49% FDI - Economic Times

  NEW DELHI: The government may bring down foreign direct investment (FDI) limit in mortgage guarantee companies (MGCs) from the existing 100% to...
  2009-01-21 03:05:00

• India Finds Itself Awash in Foreign Investment - New York Times

  MUMBAI — Six months ago, it looked as if India was in for a bumpy recession. Factories were laying off workers and...
  2009-10-13 11:44:00

• NHB pushes for securitisation (Business Standard India)

  Plans mortgage guarantee company with AIG, IFC. The National Housing Bank (NHB) is drawing a roadmap including prudential norms to buy home...
  2008-07-21 11:42:04