RBI OPENS LAF WINDOW TO HOUSING FINANCE COs TO FIGHT CREDIT CRUNCH

Housing finance companies are the latest to get access to the special liquidity facility extended by the Reserve Bank of India (RBI) to mutual funds and non-banking finance companies (NBFCs). The
central bank has also extended the liquidity adjustment facility (LAF) from its current deadline of March 31, 2009 to June 30 2009.