New Delhi: Keeping in view the current scenario, 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, the National Housing Bank regularly monitors the liquidity position of Housing Finance Companies.