SRG Housing Finance seeks RBI nod for NBFC-ICC conversion
SRG Housing Finance Ltd announced that its Board of Directors has in-principle approved the voluntary conversion from a Housing Finance Company (HFC) to a Non-Banking Financial Company – Investment and Credit Company (NBFC-ICC). This strategic move, subject to RBI approval, aims to diversify the company's product portfolio into segments like Home Loans, Loan Against Property (LAP), Business Loans, and MSME Loans, expanding its addressable market. The Board has authorized management to initiate necessary applications with the RBI, NHB, and other relevant authorities. Until approvals are secured, the company will continue to operate as an HFC. The Board meeting was held on August 20, 2026, from 12:15 pm to 13:10 pm.
Key Highlights
- SRG Housing Finance plans to convert to an NBFC-ICC.
- Conversion aims to diversify lending products and market reach.
- Requires prior approval from the Reserve Bank of India (RBI).
- Management authorized to pursue necessary regulatory approvals.
- Company will continue as HFC until conversion is effective.
Price Impact
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