Can I read Reporting Guidelines for Wilful Defaulters on EtoBox?
Reporting Guidelines for Wilful Defaulters by raj.raanaa is a document available to read on EtoBox.
What is Reporting Guidelines for Wilful Defaulters about?
The National Housing Bank has issued a circular reminding all Registered Housing Finance Companies to submit data on suit-filed and non-suit filed accounts of wilful defaulters of ₹25 lakh and above to Credit Information Companies on a monthly basis. Many HFCs have failed to comply with this requirement, undermining efforts to address wilful defaults in the financial system. Non-compliance may result in regulatory and penal actions as per the National Housing Bank Act, 1987.
- Author
- raj.raanaa
- Language
- EN