RBI explores loan rate pricing for housing finance companies

After forcing banks to link retail loans to an external benchmark, the RBI is looking at the way non-banking finance companies (NBFCs) and mortgage companies price their products. While an external benchmark might not be mandated for housing finance companies (HFCs), banking regulator wants to bring more transparency in their pricing. Meanwhile, the RBI is also not in favour of a combined fixed and floating home loan product, which SBI chairman Rajnish Kumar had recently spoken about. According to sources, after taking over the regulation of HFCs earlier this year, the central bank is trying to bring uniformity in the regulation for banks and HFCs.