RBI Grade BNABARD ESISEBI
In one lineMore on this exam
Context:
“RBI MPC Unpacked: Key Theory Meets Today’s Macro Trends”Tap to play · from the C4S channel
Piramal Finance Ltd. (PFL), formerly known as Piramal Capital & Housing Finance, has officially exited the housing finance business after surrendering its Housing Finance Company (HFC) license. This strategic move follows the Reserve Bank of India (RBI) granting it a new Certificate of Registration (CoR) on April 4, 2025, under Section 45 IA of the RBI Act, 1934.
Key Developments:
- New Certification:
- RBI has registered Piramal Finance as a Non-Banking Financial Company – Investment and Credit Company (NBFC-ICC).
- No Public Deposits:
- As per the new classification, Piramal Finance will not accept public deposits.
- Surrender of HFC License:
- Piramal Finance has voluntarily surrendered its Housing Finance CoR, marking a complete exit from the mortgage and housing loan sector.
Why It Matters
- Strategic Repositioning:
- This shift signals a deeper focus on investment, credit products, and structured lending, rather than retail housing loans.
- Regulatory Clarity:
- With RBI’s approval, PFL is now aligned under NBFC-ICC norms, offering more flexibility in non-housing lending operations.
- Implications for Borrowers & Investors:
Existing home loan customers may be transferred or serviced under different terms, while investors can expect realignment in PFL’s lending portfolio.
