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June 02, 2015 1:02 PM 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. The company engages in the promotion of housing finance institutions, as well as provides financial and other support services to housing finance institutions; establishment and promotion of housing financing system; and regulates and supervises the activities of housing finance companies in accordance with the provisions of the NHB Act. It 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 development banks...

India Habitat Centre

3rd-5th Floor

Core 5A

Lodhi Road

New Delhi,  110003

India

Founded in 1988

107 Employees

Phone:

91 11 2464 9031

Fax:

91 11 2464 6988

Key Executives for National Housing Bank

Chairman, Managing Director and Chairman of Executive Committee
Age: 46
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 Reports Audited Standalone Earnings Results for the Six Months Quarter Ended December 31, 2014

National Housing Bank reported audited standalone earnings results for the six months quarter ended December 31, 2014. For the period, net interest earned was INR 18,897.116 million against INR 16,914.773 million a year ago. Total income was INR 18,967.928 million against INR 16,969.061 million a year ago. Operating profit before provisions and contingencies were INR 6,216.394 million against INR 4,182.617 million a year ago. Profit from ordinary activities before tax was INR 5,897.836 million against INR 3,712.969 million a year ago. Net profit was INR 3,858.236 million against INR 11.177 million a year ago. ROA was 1.75% against 1.20% a year ago.

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.

Recent Private Companies Transactions

Type
Date
Target
Private Placement
April 21, 2015
Sewa Grih Rin Limited
 

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