Revised Deposit Norms Expected to Ease for HFCS: CRISIL

21 Aug 2024 CW Team

CRISIL has assessed that the revised deposit norms for Housing Finance Companies (HFCs) are unlikely to impose significant burdens. The rating agency's analysis suggests that the new regulatory framework will be manageable and may not adversely impact the operational stability of HFCs.

The updated norms, introduced to enhance financial stability and protect depositors, are expected to align with industry practices without creating substantial operational challenges. CRISIL's evaluation indicates that HFCs are well-positioned to adapt to these changes, thanks to their existing frameworks and regulatory compliance measures.

Industry experts view the revisions as a step towards greater transparency and robustness in the housing finance sector. By imposing clearer and more structured deposit requirements, the regulations aim to strengthen the financial health of HFCs while ensuring better protection for investors.

Overall, CRISIL's outlook reflects confidence in the sector's ability to navigate the revised norms effectively, supporting continued growth and stability in the housing finance industry.

Infrastructure Transport

13 Oct 2025

Tata, Airbus to Build India’s First Private Helicopter Line

In a landmark development for India’s aerospace sector, Tata Advanced Systems Limited (TASL) and Airbus will establish the country’s first private-sector helicopter assembly line in Vemagal, Karnataka. The facility will manufacture the Airbus H125 and H125M, marking a significant milestone in India’s push for self-reliance in aviation and defence manufacturing. The new Final Assembly Line (FAL) will produce the H125, the world’s best-selling single-engine helicopter, known for its versatility and performance in extreme environments. The first ‘Made in India’ H125 is expected to ro..

NeGD to Support Bharat Taxi in Building Cooperative Ride Platform

In a significant move for India’s digital and mobility transformation, the National e-Governance Division (NeGD) of the Digital India Corporation, under the Ministry of Electronics and Information Technology (MeitY), has entered into an advisory partnership with Sahakar Taxi Cooperative Limited, the company behind Bharat Taxi — a first-of-its-kind, cooperative-led national ride-hailing platform. A Memorandum of Understanding (MoU) has been signed between NeGD and Sahakar Taxi to provide strategic advisory and technical support covering key areas such as platform integration, cybersecurity..

MeitY Hosts Pre-Summit for India–AI Impact Summit 2026

The Ministry of Electronics and Information Technology (MeitY), Government of India, hosted a series of Pre-Summit events for the upcoming India–AI Impact Summit 2026 at the India Mobile Congress (IMC) 2025 in New Delhi. These sessions mark a key milestone ahead of the main summit, scheduled for 19–20 February 2026 at Bharat Mandapam, New Delhi. Delivering the inaugural address, S. Krishnan, Secretary, MeitY, highlighted India’s innovative and frugal approach to AI development. “We have adopted innovative means by learning from others’ experiences to build projects and products that..