*Housing finance regulator to back HDFC application for $500-m ECB* National Housing Bank (NHB), the housing finance regulator, is favorably disposed to HDFC's application for a $500-million external commercial borrowing (ECB) for affordable housing projects in India. NHB will soon recommend HDFC's application to the Reserve Bank of India for the latter's approval. Housing finance companies have been asked to route their ECB applications through NHB, which looks into various regulatory aspects before forwarding them to RBI for approval. NHB too, on its own account, proposes to approach RBI for a $200-million ECB proposal.
Impact *Positive for HDFC Ltd* -- CA. Rajesh Desai -- You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To post to this group, send email to [email protected]. Visit this group at http://groups.google.com/group/globalspeculators. For more options, visit https://groups.google.com/groups/opt_out.
