National Housing Bank increases refinance limit to Rs 30,000 cr for 2018-19

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New Delhi : Keeping in view the current scenario, National Housing Bank (NHB has decided to increase the Refinance limit to Rs 30,000 crore. Now, eligible Housing Finance Companies & Other entities will have increased availability of funds.

National Housing Bank had set an initial limit to sanction Rs 24,000 crore this year (July 2018-June 2019) towards refinancing eligible institutions. Till date, Rs 8,835 crore has been sanctioned, according to a PIB release.  This refinancing is a credit flow to Housing Finance Companies & other Institutions.

National Housing Bank (NHB) is the Principal Agency to promote Housing Finance Institutions, currently 97 in number, and to provide financial support to eligible institutions.  As a regulator, National Housing Bank regularly monitors the liquidity position of Housing Finance Companies.