HDFC gets National Housing Bank nod for merger with subsidiary bank
NEW DELHI: Mortgage major HDFC has received approval from the National Housing Bank (NHB) for its merger with subsidiary HDFC Bank, a regulatory filing said on Tuesday. The NHB has also approved the merger of two wholly-owned subsidiaries — HDFC Investments and HDFC Holdings Limited — of the housing finance company with HDFC, the filing […]
NHB’s move to ban subvention scheme must be withdrawn: CREDAI
BY: Manvendra Jha TEL AVIV: The National Housing Bank’s (NHB) decision to ban lending by housing finance companies under subvention scheme was “impulsive” and should be rolled back to boost sales, realtors’ body CREDAI Chairman Jaxay Shah said here on Wednesday. CREDAI President Satish Magar demanded that interest rate on home loan be brought down […]
National Housing Bank provides $463 million subsidy to low income home buyers
BY: Chris Thomas BENGALURU: The National Housing Bank (NHB) said that it had provided an interest subsidy of 32.70 billion rupees ($463.3 million) to more than 143,000 households up to November 28 this year. The subsidy, which was given for the first five months of 2018-2019 financial year, is part of a government initiative aimed […]
PNB Housing Finance obtains refinance sanction of Rs 3,500 crore from National Housing Bank
NEW DELHI: PNB Housing Finance on Monday said it has obtained refinance sanction of Rs 3,500 crore from the National Housing Bank (NHB) in October 2018. “The funds will be utilised for the specific sector wise disbursements/ end uses as per norms of the respective NHB refinance schemes,” PNB Housing Finance said in a regulatory […]