By Accommodation Times Bureau The Cabinet yesterday approved payment of the face value of the subscribed share capital of Rs1450 crore in National Housing Bank (NHB) to Reserve Bank of India (RBl) consequent to amendments made to the NHB Act, 1987 in 2018. Impact: NHB is an apex agency established to operate as
: National Housing Bank
National Housing Bank will Refinance Individual Housing Loans of about Rs. 20,000 Crore in 2017-18
By Accommodation Times Bureau The Union Minister for Finance and Corporate Affairs, Shri Arun Jaitley while presenting the General Budget 2017-18 in Parliament today said that affordable housing will now be given infrastructure status, which will enable these projects to avail the associated benefits. The National Housing Bank (NHB) will refinance
Irrelevance of National Housing Bank
By Shri. Murari Chaturvedi, Editor-in-Chief, Accommodation Times National Housing Bank (NHB) was created to cater the needs of Housing Industry has lost its relevance in housing finance sector. The NHB is headless as it has no Chairman from more than 6 months. NHB is giving loans to other housing finance companies
National Housing Bank has invested in Mahindra Rural Housing Finance, rights issue
By Accommodation Times News Service The National Housing Bank (NHB) an existing shareholder in Mahindra Rural Housing Finance Ltd has invested in the company’s Rights issue. R. V. Verma, Chairman and Managing Director said, the national housing bank besides its supervisory role also has a strong developmental role with respect to
Role of National Housing Bank in Reverse Mortgage
By Accommodation Times News Service Contd from 1st part... NHB Foray’s into the field of securitization INITIATIVES OF THE GOVERNMENT OF INDIA Support to Mortgage Backed Securitization has been a major policy initiative of the Government as manifested in its National Housing and Habitat Policy announced in 1998. The policy has enjoined upon National
Role of National Housing Bank in Securitization in Reverse Mortgage
By Accommodation Times News Service Securitization is a complex series of financial transactions designed to maximize cash flow and reduce risk for debt originators. This condition arises when assets, receivable or financial instruments are acquired, classified into pools, or offered as collateral for third party investment, after which financial instruments are
National Housing Bank to introduce covered bonds
By Accommodation Times News Service National Housing Bank (NHB) is now very keen to introduce covered bonds and promote other market solutions for the mortgage lending business. The decision follows the recent report of the working group on introduction of covered bonds. NHB is expecting housing finance companies with strong balance
ROLE OF NATIONALISED BANKS IN THE HOUSING FINANCE IN INDIA
BACKGROUND Indian financial system is broadly classified in to two groups : 1. Organised sector Unorganised sector The financial system is also divided into users of financial services and providers. Financial institutions sell their services to households, business and government who are the users of financial services. The providers of financial services are: Central bank
PNB freezes bank account of fake Housing Societies in Vidya-Vihar West
By Rohit Sharma MUMBAI: Recently, Punjab National Bank (PNB) has blocked the bank account of Avanti CHS Ltd (proposed) and two other buildings in the residential complex, Neelkanth Kingdom located in Vidya-Vihar (West), for flouting KYC requirements and illegally opening the bank account, said the sources. On February 2019, PNB had sent a
Trends for 2019: Affordable Luxury Housing in India
By Farshid Cooper, MD - Spenta Corporation The full effect of RERA and GST were felt by the real estate sector in 2018, making it one of the most transformational years for the industry in recent history. Higher transactional costs for consumers have forced a change in tastes and preferences. Consumers