Bajaj Finance gets NHB nod to start housing finance company

Diversified non-bank lender Bajaj Finance Tuesday said it has received regulatory approvals to set up a housing finance company.

Govt appoints Sriram Kalyanaraman as MD and CEO of NHB

The appointment of Kalyanraman to the housing finance sector regulator is unique as he is the first person form the private sector to head a public sector financial institution, a Finance Ministry official statement said.

Arun Jaitley to meet heads of PSU banks on Mar 5

Finance Minister Arun Jaitley will meet heads of public sector banks on March 5 to review credit offtake as well as the progress made under the Jan Dhan Yojana.

Housing prices rise in 18 cities by up to 3.9%

Housing prices appreciated in 18 major cities by up to 3.9 percent in April-June over the preceding quarter while property rates fell in six cities including Delhi, according to National Housing Bank (NHB).

NHB's Rs 2,100 crore tax-free bond issue to open on Dec 30

The National Housing Bank's Rs 2,100 crore tax-free bond issue will hit the markets on December 30.

NHB's Rs 2,100 cr tax-free bonds to hit market soon: CMD

The bond will be issued in tenors of 10, 15 and 20 years.

NHB to get Rs 500-cr loan from UK for financing low-cost homes

The project will begin with eight low-income states -- Rajasthan, Madhya Pradesh, Odisha, Uttar Pradesh, Bihar, West Bengal, Chhattisgarh and Jharkhand.

Govt allows 13 cos to raise Rs 48,000 cr via tax-free bonds

The government has allowed 13 institutions, including NTPC, NHB and HUDCO, to raise Rs 48,000 crore through issue of tax free bonds to boost long term infrastructure finance.

NHB hopes for more easing in ECB norms for housing fin cos

The National Housing Bank Monday said it is looking forward to relaxations in external commercial borrowing norms for housing finance companies (HFCs) to enable larger number of players to tap the route.

NHB profit jumps 40% to Rs 234 cr in Jul-Dec

The bank had earned a net profit of Rs 167 crore in the corresponding period of the previous fiscal.

Housing sector may see some price correction: NHB

Housing finance firms' regulator NHB on Friday said there may be "some price correction" in the housing segment as there is inventory build-up in some areas.

NHB cuts interest rate on refinance by up to 1%

For loans between Rs 2 to 5 lakh, the rate would be 0.75% lower at 9.25%.

NHB not to up capital requirement for HFCs

In good news for housing finance players, the sectoral regulator National Housing Bank (NHB) has said that it is not in favour of raising their minimum capital adequacy requirements, even though a high-powered committee has called for doing so for NBFCs.

NHB to raise Rs 2,000 cr in next 6 months

For the financial year ended June 2011, NHB posted a marginal decline in net profit at Rs 279 crore.