Ministry of Finance08-October, 2018 18:16 IST
National Housing Bank (NHB decides to increase the Refinance Limit from Rs. 24,000 crore to Rs.30,000 crore for the Current Year(July 2018-June 2019) towards refinancing eligible institutions

Keeping in view the current scenario, National Housing Bank (NHB has decided to increase the Refinance limit to Rs.30,000 crore. Now, eligible Housing Finance Companies & Other entities will have increased availability of funds.

National Housing Bank had set an inital limit to sanction Rs. 24,000 crore this year (July 2018-June 2019) towards refinancing eligible institutions. Till date, Rs.8835 crore has been sanctioned.  This refinancing is a credit flow to Housing Finance Companies & other Institutions.

                                   National Housing Bank (NHB) is the Principal Agency to promote Housing Finance Institutions, currently 97 in number, and to provide financial support to eligible institutions.  As a regulator, National Housing Bank regularly monitors the liquidity position of Housing Finance Companies.

 

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DSM/RM/KA


(Release ID :184033)