National Housing Bank (NHB) has decided to increase the Refinance Limit from Rs. 24,000 crore to Rs.30,000 crore for the Current Year (July 2018-June 2019) towards refinancing eligible institutions.
About:
National Housing Bank (NHB) is an apex financial institution for housing.
Its key objectives are:
Registering, regulating and supervising Housing Finance Company (HFCs) at regional and local level;
Providing financial and other support to such institutions and
co-ordinating with other Regulators.
Parent agency: NHB is a wholly owned subsidiary of Reserve Bank of India (RBI).
Origin: It was established in 1988 under the National Housing Bank Act, 1987.
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