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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.
Refinance limit increase expands liquidity access for housing finance companies and eligible institutions this fiscal year. Increase of the refinance limit for July 2018-June 2019 expands NHB's capacity to provide refinancing to eligible Housing Finance Companies and other institutions, enhancing liquidity through NHB refinancing facilities; a portion of the limit has already been sanctioned to eligible entities under the current programme.Press 'Enter' after typing page number.