Housing finance 8. The housing finance market witnessed significant expansion in late 1990s and early 2000s with the entry of scheduled commercial banks in a big way. The housing loan portfolio of both SCBs and HFCs has grown significantly over the years due to supportive policies initiated by Government of India and RBI.
Receipt of premia/fees for assuming a contingent liability will then not be treated as income but as funds for meeting potential future liabilities. (v)  It is now recognised that the current microeconomic-driven prudential regulatory framework, including Basel II is procyclical which further worsens the impact of crises on institutions.