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Master Circular Housing Finance

RBI/2013-14/67
DBOD. No.DIR.BC.17/08.12.001/2013-14

July 1, 2013
Ashadha 10, 1935, (Saka)

All Scheduled Commercial Banks
(excluding RRBs)

Dear Sir/Madam,

Master Circular Housing Finance

Please refer to the Master Circular DBOD No. Dir. BC.7/08.12.001/2012-13 dated July 2, 2012 consolidating the instructions / guidelines issued to banks till June 30, 2012 relating to Housing Finance. The Master Circular has been suitably updated by incorporating the instructions issued up to June 30, 2013 and has also been placed on the RBI website (http://www.rbi.org.in). A copy of the Master Circular is enclosed.

Yours faithfully

(Prakash Chandra Sahoo)
Chief General Manager

Encl: as above


CONTENTS

Sr. No.

Particulars

A

Purpose

B

Classification

C

Previous instructions consolidated

D

Scope of Application
Structure

1

Introduction

2

Direct Housing Finance

3

Indirect Housing Finance

4

Housing Loans under Priority Sector

5

RBI Refinance

6

Construction Activities eligible for Bank Credit as Housing Finance

7

Construction Activities not eligible for Bank Credit

8

Reporting

9

Home Loan Account Scheme (HLAS) of  NHB

10

Bank’s Exposure to Real Estate Sector

11

Risk Weight on Housing Finance

12

Loan to Value (LTV) Ratio

13

Delhi High Court Order on Unauthorized Construction

14

Terms and Conditions for Banks Investments in Mortgage Backed Securities (MBS)

15

Annex : Financial assistance granted by scheduled commercial banks under the category ‘Housing Finance’ as on September 30/March 31

16

Appendix : Housing Finance circulars

Click here to download the Master Circular

Tags: BankCommercial bankLoanLoan-to-value ratioMaster CircularNational Housing BankReal EstateReserve Bank of India

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