September 21, 2014 10:45 AM ET

Thrifts and Mortgage Finance

Company Overview of National Housing Bank

Company Overview

National Housing Bank operates as a multifunctional development finance institution in India. It is engaged in the establishment and promotion of housing financing system; regulation and supervision of the activities of housing finance institutions in accordance with the provisions of NHB Act; and promotion of housing finance institutions, as well as provision of financial and other support services to housing finance institutions. The company is also involved in the provision of refinance for housing finance companies, scheduled commercial banks, scheduled urban cooperative banks, regional rural banks, state level apex co-operative housing finance companies, and agriculture and rural develo...

India Habitat Centre

3rd-5th Floors

Core 5-A

Lodhi Road

New Delhi,  110003

India

Founded in 1988

91 Employees

Phone:

91 11 2464 9031

Fax:

91 11 2464 6988

Key Executives for National Housing Bank

Chairman
Age: 58
Compliance Officer and Deputy General Manager
Principal Advisor
Age: 52
General Manager
Age: 61
General Manager
Compensation as of Fiscal Year 2014.

National Housing Bank Key Developments

National Housing Bank Mulls Retail Bond Issue by September End

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

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

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.

Recent Private Companies Transactions

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Date
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No transactions available in the past 12 months.
 

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