Question
What is the minimum total liquid asset requirement for
deposit-taking HFCs by January 01, 2025, as stated by RBI?Solution
The Reserve Bank of India (RBI), in August 2024, tightened norms related to public deposit acceptance by housing finance companies (HFCs), which were so far subject to relaxed prudential norms compared to non-banking financial companies (NBFCs). Currently, deposit taking HFCs are required to maintain 13% liquid assets against public deposits held by them. This will be enhanced to 15% of the public deposits held by them, in a phased manner. Accordingly, by January 1, 2025, these HFCs have to maintain 14% liquid assets, which include unencumbered approved securities. And, by July 2025, they have to hold 15% of total liquid assets as per cent of public deposits. The details are as below: 
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