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Home News News and Press Release Month 10 2018 2018 (10) This |
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National Housing Bank (NHB decides to increase the Refinance Limit from ₹ 24,000 crore to ₹ 30,000 crore for the Current Year(July 2018-June 2019) towards refinancing eligible institutions |
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8-10-2018 | |||
Keeping in view the current scenario, National Housing Bank (NHB has decided to increase the Refinance limit to ₹ 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 ₹ 24,000 crore this year (July 2018-June 2019) towards refinancing eligible institutions. Till date, ₹ 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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