The new Development Finance Institution (DFI) will be a fairly large entity that will play a key role in the Central Government’s strategy to facilitate the creation of a robust financing ecosystem for infrastructure projects in the country. Simultaneously, the government also remains committed to rolling out systemic interventions to ensure the necessary action on...
Tag: National Housing Bank
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Cabinet approves a new scheme for promotion of rural housing
The Union Cabinet has approved a new scheme for promotion of rural housing in the country. The Centre will provide interest subsidy under the scheme.
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Addressing Infrastructure Financing Needs
After liberalisation, the government´s primary focus was on reducing the fiscal deficit to restore macroeconomic stability, reforming trade and exchange rate policies and liberalising foreign investment policy. Infrastructure was never a growth constraint in the short term, considering the low utilisation of the existing infrastructure then.
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Code Green
Increasing focus on the development of green and smart buildings has opened up a plethora of opportunities for the creation of sustainable and planned infrastructure using technology as the binding factor for the creation of self-contained sub-cities.
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NHB to go for Rs 5,000 cr tax-free bonds
Seeking issuance of tax-free bonds worth Rs 5,000 crore, the National Housing Bank (NHB) is planning to request the Union government in the next fiscal. NHB is the regulator for housing finance companies in the country.
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NHB to get Rs 500 cr UK loan for low-cost homes
For financing construction of affordable houses in India, British government's Department for International Development will give India's National Housing Bank (NHB) Rs 500-crore loan. The project will begin with eight low-income states -- Rajasthan, Madhya Pradesh, Odisha, Uttar Pradesh, Bihar, West Bengal, Chhattisgarh and Jharkhand.
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Housing finance firms may use ECB to fund projects
National Housing Bank (NHB) expects Housing finance companies (HFCs) to raise funds through the external commercial borrowings (ECBs) as Reserve Bank of India (RBI) reviewed ECB norms. HFCs may avail ECBs to fund their affordable housing projects, NHB, which is the regulator of the sector said. RV Verma, Chairman of NHB said the regulator received an application from HDFC for ECB and it expe
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Prudential norms for housing finance firms may be relaxed
RV Verma, Chairman and Managing Director of National Housing Bank (NHB) has informed a leading media that the body would relax prudential norms for housing finance companies (HFCs). NHB plans to relax prudential norms for housing finance companies following Reserve Bank of India's (RBI) decision to reduce risk weight on banks' home loan over Rs 2
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NHB chief rules out need for unified regulator
RV Verma, Chairman and Managing Director of National Housing Bank (NHB) ruled out the need for a unified regulator for banks and housing finance companies (HFCs). He said there is no need for a single regulator for banks and HFCs as there is not regulatory arbitrage as pointed out by SBI Chairman Pratip Chaudhuri
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NHB to raise funds through ECB
In order to lend to low-cost housing projects, National Housing Bank (NHB) plans to raise $200 million through external commercial borrowing (ECB) in 2013-14. The NHB plans to seek approval from the Reserve Bank of India (RBI) for raising the amount through ECB. In 2012-13, the housing finance regulator could raise funds under ECB as the approval from RBI came in the latter
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