NATIONAL HOUSING BANK

ABOUT NHB

Absence of specialized institutions catering to housing credit needs of the population.

Need for an apex level institution for developing a market-oriented housing finance system in the country.

NHB – Established in 1988 by an Act of Parliament as the Apex Institution for the Housing Finance System.

Wholly owned by the Reserve Bank of India.

Sriram Kalyanaraman is the first appointee to the newly created post of Managing Director and CEO in NHB.

IDEOLOGY

MISSION

•To harness and promote the market potentials to serve the housing needs of all segments of the population with the focus on low and moderate income housing.

VISION

•Promoting inclusive expansion with stability in housing finance market.

AIMS AND OBJECTIVES

•To promote a sound, healthy, viable and efficient housing finance system to cater to all segments of the population.

•To support housing finance institutions through financing and capacity building measures.

•To catalyze flow of funds to all regions and incomes groups.

•To develop market infrastructure for sound growth of housing finance system.

•To ensure expansion and stability in the housing finance market.

ROLE OF THE NATIONAL HOUSING BANK

Augmenting Resources for the housing sector

Leveraging the liquidity

Support specialized institutions to serve as dedicated centers for housing credit

Fill the credit gaps suffered by low income households by strengthening linkages between formal and informal sector.

Strengthening linkages between formal and informal sector institutions - Financing MFIs

FUNCTIONS

Promotion

Financing

Regulation

Regulation of HFCs through

• Registration

• Prudential Norms

• KYC Norms

• Grievance Redressal

• Supervisory oversight and building confidence in the sector by On-site and off-site surveillance

Financing• Refinance to HFCs and

Banks

• Direct Finance to MFIs, Public Agencies

• Special Finance Schemes for affordable housing

Promotion • Setting up of institutions

• Developing secondary mortgage market and linking it with capital and other markets in financial sector

• Other products such as RML, RMLeA etc

• Providing equity support

• Formulation of Housing Price Index

• Capacity Building of HFC sector

REVERSE MORTGAGE

MBS

NHB – PERFORMANCE HIGHLIGHTS• Cumulative refinance disbursements crossed Rs.1000 billion towards

refinance for housing sector.

• NHB has cumulatively disbursed subsidy claims amounting to Rs.78.54 million covering 8885 beneficiaries across 8 states under the ISHUP Scheme

• In 2013-14(FY ending 30.613), NHB has disbursed Rs.3137.5 million under the 1% Interest Subvention Scheme up to 31st Mar, 2014

• NHB’s refinance disbursements in 2013-14, Rs.143.9 billion Rural - 39% and Urban – 61% while in 2013-2014 it is Rs.157.5 billion, Rural - 43% and Urban – 57%

• Loans below Rs.1.5 million constituted 75.63% of the total refinance portfolio.

• The Bank’s Housing Micro Finance (HMF) programme covers 40210 housing units located in both urban and rural areas of the country.

LIST OF HOUSING FINANCE COMPANY (MCAP BASIS)

MARKET INSIGHT

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