Which of the following statements are correct regarding the recent RBI guidelines on public deposit acceptance by Housing Finance Companies (HFCs)?
- The RBI has reduced the ceiling on the quantum of public deposits that a deposit-taking HFC can hold from 3 times to 1.5 times its net owned fund (NoF).
- The RBI has mandated that deposit-taking HFCs maintain 15% of public deposits as liquid assets by January 1, 2025.
- The maximum period for which HFCs can accept or renew public deposits has been reduced from 120 months to 60 months.
1
Only 1 and 2
2
Only 2 and 3
3
Only 1 and 3
4
All 1, 2, and 3
5
None of the above