NHB Infuses Rs 10,000 Cr In Housing Finance Companies
New Delhi: The National Housing Bank (NHB) is infusing an additional Rs 10,000 crore into the Housing Finance Companies (HFCs) from Friday in order to augment flow of funds for housing loans, according to a sattemrnt by finance ministry.
The infusion is being done particularly for loans for affordable houses.
The statement further stated that the Reserve Bank of India has unveiled a number of measures for banks to avail additional liquidity of Rs 1.34 lakh crore, subsequent to the budgetary announcements.
"The backstop guarantee to banks for NBFC portfolios taken over by them has become effective. Banks will be utilizing this guarantee support as per the contours of the scheme," it said.