Thrifts and Mortgage Finance
Company Overview of National Housing Bank
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
New Delhi, 110003
Founded in 1988
Key Executives for National Housing Bank
Chief Executive Officer, Managing Director and Director
Compliance Officer and Deputy General Manager
Compensation as of Fiscal Year 2015.
National Housing Bank Key Developments
National Housing Bank Appoints Sriram Kalyanaraman as Managing Director and Chief Executive Officer
Jul 8 15
National Housing Bank announced that Sriram Kalyanaraman, who is currently director (business development) at Equifax Credit Information Services Private Ltd., has been appointed as managing director and chief executive officer for a period of five years from the date of his taking charge.
National Housing Bank Reports Audited Standalone Earnings Results for the Six Months Quarter Ended December 31, 2014
Feb 19 15
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
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.
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