National Housing Bank

The coupon rate is the rate of interest that the entity will pay to investors

NHB received bids worth Rs 4,950 crore at a coupon of 7.16 per cent and Rs 4,310 crore at a coupon of 7.15 per cent

Before joining NHB, Shukla was the founding MD and chief executive officer (CEO) of Centrum Housing Finance Limited (CHFL) from October 2016

The shares of Navin Fluorine ended 3.1% lower on the BSE to close the day at Rs 3,500.20 a piece

Life Insurance Corporation of India (LIC) on Monday said its board has approved acquiring up to 10 per cent in a company promoted by the National Housing Bank (NHB). In a regulatory filing, LIC said the board has cleared the proposal to invest in a new company, promoted by the NHB, for residential mortgage-backed securities, through equity contribution up to 10 per cent of the share capital. The investment is to be made in one or more tranches, it added. Details about the company were not disclosed. LIC has a housing finance subsidiary -- LIC Housing Finance Ltd -- that was incorporated in 1989. This company went public in 1994 and since then its stocks are listed on the National Stock Exchange (NSE) and Bombay Stock Exchange Limited (BSE).

Financial Services Secretary Vivek Joshi on Monday asked officials to expedite sanction and disbursement of loans to eligible projects under Rs 10,000-crore urban infrastructure development fund (UIDF) announced in Budget. The early sanction and disbursement will help create better infrastructure in Tier 2 and Tier 3 cities, he said at an event organised to mark the 35th anniversary of National Housing Bank (NHB). Finance Minister Nirmala Sitharaman in her 2023-24 Budget speech announced the setting up of UIDF through the use of priority sector lending shortfall for the creation of urban infrastructure in Tier 2 and Tier 3 cities. Mid-tier cities still face the challenge of urban planning and funding for their urban infrastructure and ensuring planned development. Keeping these challenges in mind, UIDF has been launched with an initial corpus of Rs 10,000 crore to supplement efforts of the state governments by providing stable and predictable source of finance for creation of urban

India Mortgage Guarantee Corporation (IMGC) would focus on strengthening partnerships with banks and financial institutions, a top official said on Tuesday. The company is backed by marquee investors -- Enact MI, Sagen (Brookfield Group), National Housing Bank, IFC (World Bank Group), And Asian Development Bank. The mortgage guarantee company, since its inception in 2012 has breached Rs 20,000 crore in home loan guarantees to over one lakh customers across 400 locations. In FY2022-23, IMGC doubled its market share in South India accounting 30 per cent of all originations in the region. The company guaranteed Rs 2,300 crore in home loans for over 18,000 families. "IMGC's expansion plans revolve around enhancing its participation in the housing ecosystem to enable first-time homeownership and provide ongoing support to existing homeowners," IMGC CEO Mahesh Misra said. "Strengthening partnerships with banks and financial institutions is a key focus for IMGC, ensuring that more India

As many as 43 cities out of 50 registered an increase in property prices during fourth quarter of 2022-23, according to the National Housing Bank (NHB) data released on Thursday. However, 7 cities registered a decline in the property prices. The home loan rates are still lower than that of pre-Covid period leading to a healthy affordability overall, it said. India's eight key primary residential markets witnessed appreciating property prices during the January-March 2023 period. Ahmedabad with a rise of 10.8 per cent, Bengaluru (9.4 per cent), Chennai (6.8 per cent), Delhi (1.7 per cent), Hyderabad (7.9 per cent), Kolkata (11 per cent), Mumbai (3.1 per cent) and Pune (8.2 per cent) recorded an increase in the index on an annual basis as per the Housing Price Index (HPI) published by NHB. The 50 city HPI based on valuation of properties collected from banks and housing finance companies (HPI @ Assessment Prices) recorded an annual increase of 5.8 per cent during the fourth quarter o

Risk weight back to pre-pandemic level of 50%

Loans to be offered to both retail and developers; funds being raised amid 13% expansion in loan portfolio over six months to September

Renting provides flexibility vis-a-vis size of the house and geography, frees up finances

The RBI's observations come at a time when it is considering a mandate for domestic processing of payment transactions in order to ring-fence India's local payment systems.

The whistleblower letter, sent at the end of December and also addressed to Reserve Bank of India and the National Housing Bank, said there were irregularities at one of the branches

The National Housing Bank said it has disbursed over Rs 30,000 crore so far in interest subsidy to affordable home loan borrowers under PMAY since the launch of the scheme in June 2016

National Housing Bank (NHB) has imposed a penalty of Rs 80,000 on PNB Housing Finance for not complying with loan disbursement norms in 2015.

Housing finance regulator National Housing Bank (NHB) has imposed a fine of Rs 47,000 on GIC Housing Finance for violation of the guidelines.

With a freeze on disbursements, its advances were almost flat at Rs 7,783.8 crore at end of June 2020 as against Rs 7,870.1 crore in March 2020

From 50 per cent, a home finance firm's exposure to retail loans will go down to 37.5 per cent. Instead of a floor for retail loans, should the RBI look for a ceiling for wholesale loans?

Central bank sets a formal definition of 'housing finance' in draft released on its website

The total maturing debt of HFCs for 2020-21 is estimated to be Rs 2.9-3.2 trillion, of which Rs 1.4 trillion is accounted for by debt markets, rating agency ICRA said in the report.