Back to Career News

Refinancing Limit for Home Financers Hiked to ₹30,000 cr by National Housing Bank

October 29, 2018

Refinancing Limit for Home Financers Hiked to ₹30,000 cr by National Housing Bank
National Housing Bank (NHB) which is the apex body to promote the 97 Home Finance Companies (HFCs) in India and provide them financial assistance has increased the refinance limit from ₹24,000 crores to ₹30,000 crores during July 2018 to June 2019. This means that the eligible institutes will have increased availability of funds.

NHB’s decision comes at a time when the financial health of HFCs is declining rapidly. A fear of cash crunch rose to the surface when defaults by the Infrastructure Leasing and Financial Services (IL&FS) were revealed.

Photo credit: Got Credit on Visual Hunt / CC BY

Recommended for you ...

Axis Bank and Mastercard Launch Premium Credit Card for Small Business Owners
Axis Bank and Mastercard Launch Premium Credit Card for Small Business Owners

September 26, 2024

Banks Report Over 15% Growth in New Credit Card Additions: RBI Data
Banks Report Over 15% Growth in New Credit Card Additions: RBI Data

September 26, 2024

National Company Law Tribunal (NCLT) Approves Merger of IDFC and IDFC First Bank
National Company Law Tribunal (NCLT) Approves Merger of IDFC and IDFC First Bank

September 25, 2024

Chat on WhatsApp