National Housing Bank News

Companies

PNB Housing Finance faces ₹80,000 fine for loan disbursement irregularities

In a letter dated June 11, NHB has advised the company to pay a penalty of ₹80,000 plus GST for non-compliance with policy regarding disbursement of home loans in the year 2015

1 min read15 Jun 2021
Industry

Disappointed with govt's measures to boost real estate: CREDAI

CREDAI President Satish Magar termed the government's announcement as 'half-hearted attempt' to revive the ailing real estate sectorThe Credai Chairman said the government should remove the unit price cap of ₹45 lakh for availing the additional deduction of ₹1.5 lakh on home loan interest

3 min read15 Sep 2019
Politics

Major relief to stresssed realty sector on the anvil

The government is also likely to make changes to the definition of affordable housing as sought by developersCreation of a stress fund and the inclusion of financial institutions undr RERA are likely to figure the government's upcoming announcement on the realty sector

2 min read27 Aug 2019
Politics

Housing finance firms to get additional liquidity support of ₹20,000 crore

The scheme is for purchase of pooled assets of NBFCs and HFCs up to ₹1 lakh croreThe additional liquidity support to be provided by the National Housing Bank (NHB) will help the real estate sector

1 min read23 Aug 2019
Industry

NHB's crackdown on home loans under subvention scheme to affect buyers, builders

National Housing Bank advised housing finance companies to stop providing loans to finance subvention schemes offered by builders to sell homesMove will lead to increase in interest cost for homebuyers and aggravate the liquidity crunch faced by real estate developers, say realty bodies

2 min read23 Jul 2019
Industry

NHB restricts housing finance companies from financing subvention schemes

The housing regulator has also recommended that housing loans should be offered strictly linked to different stages of constructionNo upfront disbursal should be made in case of incomplete projects

1 min read22 Jul 2019
Politics

NHB tightens norms on HFCs’ leverage and capital adequacy ratios

Changes may not affect large HFCs such as HDFC and Repco Home Finance, which are capitalized at above 15%The decision to review the regulatory framework for HFCs comes in the wake of the liquidity crisis, sparked off by the defaults by IL&FS

2 min read20 Jun 2019
Industry

Government notifies taking over of National Housing Bank from RBI

The National Housing Policy of 1988 envisaged setting up of the NHB as the apex institution to promote the housing sectorThe RBI has exited the NHB, thus making it a fully government-owned entity

1 min read30 Apr 2019
Industry

RBI sells entire stake in NHB, Nabard to govt for ₹1,470 crore

RBI's divestment in Nabard and National Housing Bank was based on the recommendations of the Narasimham Committee-IIRBI stake sales in Nabard and NHB to the government amounted to ₹20 crore and ₹1,450 crore, respectively

1 min read24 Apr 2019
Companies

DHFL denies report of clean chit by regulator

DHFL said the meeting was called for 'regular agenda items' and to present the report made by auditor T P Ostwal & Associates LLPA four-member committee of the regulator is expected to submit its report in the next few weeks

1 min read14 Mar 2019
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