Company Overview of National Housing Bank
National Housing Bank operates as a housing finance institution in India. It engages in regulating the housing finance system of India; and the development and promotion of housing finance companies. The company is also involved in the provision of refinance for housing finance company, scheduled commercial banks, scheduled urban cooperative banks, regional rural banks, state level apex co-operative housing finance companies, and agriculture and rural development banks, as well as for various schemes. In addition, it provides schemes for guaranteeing bonds of housing finance companies; and financial assistance for project lending to a range of borrowers in the public and private sectors, as ...
India Habitat Centre
New Delhi, 110003
Founded in 1988
Key Executives for National Housing Bank
Compliance Officer and Deputy General Manager
Compensation as of Fiscal Year 2013.
National Housing Bank Key Developments
National Housing Bank Mulls Retail Bond Issue by September End
Aug 31 13
National Housing Bank is looking to come out with a retail offering of similar tax-free bonds in the third week of September. NHB closed its private placement programme that generated a demand worth INR 10,500 million. This was against issue size of INR 9,000 million (including a green shoe option of INR 8,000 million). The tax-free bonds were issued for tenures of 10, 15 and 20 years. The coupons offered for the bonds were 8.01%, 8.46% and 8.37%, respectively. The demand for tax-free bonds under the private placement programme came mainly from domestic investors. The Central Board of Direct Taxes had earlier this month permitted NHB to issue tax-free bonds for INR 30,000 million for 2013-14. Of this, 30% was allowed to be issued under private placement. The remaining INR 21,000 million would be raised in two to three tranches with the first likely in the third week of September.
Mahindra Rural Housing To Raise INR 2 Billion
May 14 13
Mahindra & Mahindra Financial Services Limited (BSE:532720) plans to raise INR 2 billion to enhance the capital base of its subsidiary, Mahindra Rural Housing Finance Ltd. National Housing Bank currently holds a 12.5% stake in Mahindra Rural Housing Finance while Mahindra & Mahindra Financial Services holds the rest. Ramesh Iyer, Managing Director of Mahindra & Mahindra Financial Services said, “To meet the growth target, we would require about INR 200 crore, which would be infused by Mahindra & Mahindra Financial Services; NHB would also participate.” According to Ramesh Iyer, the additional funding would also be in the same ratio.
National Housing Bank Reports Unaudited Earnings Results for the Six Months Ended December 31, 2012
Jan 30 13
National Housing Bank reported unaudited earnings results for the six months ended December 31, 2012. For the quarter, total income was INR 14,361.57 million compared to INR 11,236.38 million a year ago. Operating profit before provisions and contingencies was INR 3,777.01 million compared to INR 2,786.43 million a year ago. Profit from ordinary activities before tax was INR 3,419.58 million compared to INR 2,523.95 million a year ago. Net profit was INR 2,342.87 million compared to net profit of INR 1,674.1 million a year ago. Return on assets (annualized) was 1.40% compared to 1.22% a year ago.
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