National Housing Bank

Excerpts from SEBI Board Meeting

The SEBI Board met in Mumbai today and took the following decisions: 1. The Amendment to Securities and Exchange Board of India (Collective Investment Schemes) Regulations, 1999 The Securities Laws (Amendment) Ordinance, 2013 provides for regulation of pooling of funds under any scheme or arrangement, involving a corpus amount of one hundred crore rupees or… Read More

Tags: Collective investment schemeFinancial Stability BoardMumbaiNational Housing BankSearch and seizureSEBISecurities & Exchange Board of IndiaShelf registration

External Borrowing Norms for Housing Projects

The policy regarding ECB for the low cost affordable housing projects has been recently reviewed in consultation with RBI and has been rationalized as under: ¢ Developers/builders should have a minimum of three (3) years™ experience in undertaking residential projects as against five (5) years prescribed earlier and should have good track record in terms… Read More

Tags: Affordable housingExternal Commercial BorrowingfinanceLok SabhaNational Housing BankNHBPublic housingReal Estate

India Signs Loan and Project Agreements with World Bank for US $100 Million for Low Income Housing Finance Project

The Loan and Project Agreements for World Bank (IDA) assistance of US $100 million for Low Income Housing Finance Project were signed between Government of India/National Housing Bank(NHB) and the World Bank here yesterday. The Loan Agreement was signed by Shri Nilaya Mitash, Joint Secretary, Department of Economic Affairs, Ministry of Finance on behalf of… Read More

Tags: Affordable housingfinanceFinance MinisterGovernment of IndiaIndiaNational Housing BankNHBWorld Bank

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… Read More

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

RBI Notification on External Commercial Borrowings (ECB) for the low cost affordable housing projects

RBI/2012-13/539 A.P. (DIR Series) Circular No. 113 June 24, 2013 To All Authorised Dealer Category I Banks Madam / Sir External Commercial Borrowings (ECB) for the low cost affordable housing projects Attention of Authorized Dealer Category - I (AD Category - I) banks is invited to A.P. (DIR Series) Circular No. 61 dated December 17, 2012 on… Read More

Tags: Affordable housingECBExternal Commercial BorrowingfinanceForeign Exchange Management ActNational Housing BankReal EstateRupee

RBI FAQs :: Deposit Taking Activities of Financial Entities

1. What is a Non-Banking Financial Company? A Non-Banking Financial Company (NBFC) is a company a) registered under the Companies Act, 1956, b) its principal business is lending, investments in various types of shares/stocks/bonds/debentures/securities, leasing, hire-purchase, insurance business, chit business, and c) its principal business is receiving deposits under any scheme or arrangement in one… Read More

Tags: Collective investment schemeFinancial institutionIndiaMutual fundNational Housing BankNon-banking financial companyReserve BankReserve Bank of India

Perspectives on Housing Finance in India

(Remarks by Shri Deepak Mohanty, Executive Director, Reserve Bank of India, at the International Conference on Housing: An Engine for Inclusive Growth organized by the National Housing Bank at New Delhi on April 12, 2013) I thank Mr. R.V. Verma, Chairman and Managing Director, National Housing Bank (NHB) for the opportunity to be a part… Read More

Tags: Finance in IndiaHousing in IndiaIndiaNational Housing BankNew DelhiNHBReserve Bank of India

Single Window Clearance System for Real Estate Projects

Housing Start-up Index to be Formulated by Housing Ministry in collaboration With RBI National Urban Livelihood Mission Will Replace Existing SJSRY Shri Ajay Maken, Union Minister for Housing and Urban Poverty Alleviation today informed that the Government had sanctioned projects worth Rs 41723 crores for building of 15,69,000 houses/dwelling units for Economically Weaker/Lower Income Group… Read More

Tags: Ajay MakenIndiaJawaharlal Nehru National Urban Renewal MissionLok SabhaMinistry of Housing & Urban Poverty AlleviationNational Housing BankReal EstateSwarna Jayanti Shahari Rozgar Yojana

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