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

16 Sep 2025

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..