National Housing Bank increases Refinance limit to INR 30,000 crore

National Housing Bank had set an initial limit to sanction Rs. 24,000 crore this year (July 2018-June 2019) towards refinancing eligible institutions.

Keeping in view the current scenario, the National Housing Bank (NHB) has decided to increase the Refinance limit to Rs.30,000 crore. Now, eligible Housing Finance Companies & Other entities will have increased availability of funds.

National Housing Bank had set an initial limit to sanction Rs. 24,000 crore this year (July 2018-June 2019) towards refinancing eligible institutions. Till date, Rs.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.

(With inputs from PIB)