Thrifts and Mortgage Finance
Company Overview of National Housing Bank
National Housing Bank operates as a development finance institution in India. The company promotes and regulates housing finance institutions, as well as provides financial and other support services to housing finance institutions; and establishes and promotes housing financing system. It provides finance to individual borrowers, builders, corporate houses, etc. for purchase/construction of houses and for repair/upgradation of existing houses; project finance; scheme for guaranteeing bonds; and mortgage backed securitization and secondary mortgage market facilities, as well as engages in resource mobilization, refinance, and direct finance activities. The company was founded in 1988 and is ...
India Habitat Centre
New Delhi, 110003
Founded in 1988
Key Executives for National Housing Bank
Chief Executive Officer, Managing Director and Director
Compliance Officer & General Manager
Compensation as of Fiscal Year 2017.
National Housing Bank Key Developments
National Housing Bank Appoints Dr. Ashwani Kumar Tripathi as Executive Director
Dec 14 16
Dr. Ashwani Kumar Tripathi has been appointed as Executive Director in the National Housing Bank, wholly owned by RBI with effect from December 9, 2016. Prior to his appointment as Executive Director in NHB, Tripathi was Adviser of RBI and was posted at Monetary Policy Department in Mumbai.
Bank of Baroda Reportedly In Talks To Buy Central Bank's Housing Finance Arm
Dec 11 16
Bank of Baroda (BSE:532134) reportedly is in talks to acquire stake in Cent Bank Home Finance Ltd. Bank of Baroda is in talks to buy a majority stake in Cent Bank Home Finance (CBHFL), the housing finance subsidiary of Central Bank of India (BSE:532885), say sources. Central Bank of India holds 64% stake in Cent Bank Home Finance, while Housing and Urban Development Corporation Ltd., UTI Asset Management Company Limited and National Housing Bank are the other promoters. "Talks are at an advanced stage. Central Bank has agreed to sell its entire stake to Bank of Baroda," a source told PTI. It is, however, not clear whether Bank of Baroda has approached other shareholders of Cent Bank Home Finance to purchase their stakes as well. According to sources, Bank of Baroda has appointed SBI Capital Markets Limited, while Central Bank has engaged a couple of merchant bankers including IDBI Capital Markets & Securities Ltd. as advisors. Both, Bank of Baroda as well as Central Bank did not respond to calls and text messages.
National Housing Bank Announces Unaudited Standalone Earnings Results for the Half Year Ended December 31, 2015
Feb 20 16
National Housing Bank announced unaudited standalone earnings results for the half year ended December 31, 2015. For the period, the company reported interest earned of INR 19,797.122 million compared to INR 18,897.116 million a year ago. Total income was INR 20,052.962 million compared to INR 18,967.927 million a year ago. Operating profit before provisions and contingencies was INR 6,164.891 million compared to INR 6,216.394 million a year ago. Profit from ordinary activities before tax was INR 5,829.932 million compared to INR 5,897.836 million a year ago. Net profit for the period was INR 3,749.932 million compared to INR 3,858.236 million a year ago. Return on assets (annualized) was 1.476% compared to 1.750% a year ago.
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