Keeping in view the current scenario, National Housing Bank (NHB has decided to increase the Refinance limit toย Rs.30,000ย crore. Now, eligible Housing Finance Companies & Other entities will have increased availability of funds.
National Housing Bank had set an inital limit to sanctionย Rs. 24,000ย crore this year (July 2018-June 2019) towards refinancing eligible institutions. Till date, Rs.8835 crore has been sanctioned.ย 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.ย As a regulator, National Housing Bank regularly monitors the liquidity position of Housing Finance Companies.
