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Refinance Issues and Way Forward Peeyush Pandey Manager National Housing Bank April 20, 2012. Status of Refinance Policy Changes Issues and Challenges Way Forward. Presentation Structure. Status of Refinance. Refinance Disbursements. 12496. 8108. Urban - Rural Break-up. 12496. 11723. - PowerPoint PPT Presentation
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RefinanceIssues and Way Forward
Peeyush PandeyManager
National Housing Bank
April 20, 2012
Presentation Structure
Status of Refinance
Policy Changes
Issues and Challenges
Way Forward
Status of Refinance
Refinance Disbursements
8108
12496
Urban - Rural Break-up
8108
11723
12496
Loan Size Wise Break-upJuly 2011 - March 2012
Policy Changes
Initiatives / Products
Introduction of Refinance Scheme for housing loans to borrowers of weaker section (under RHF) [since 01-04-2008]
Refinance Scheme for Energy Efficient Housing [since 01-07-2010]
Extension of refinance under the Rural Housing Fund to the non-contributing Public Sector Banks
Policy relaxations for new HFCs engaged in housing finance in rural areas / for low income segments
Equity support to new HFCs engaged in housing finance in rural areas / for low income segments
Issues & Challenges
PLIs to scale up lending operations o in rural areaso to low income / informal segmentso under Govt. programmes / schemes for
rural housing / affordable housing
Encourage participation in Government schemes for rural / affordable housing to EWS / LIG beneficiaries
Rural Housing Fund
Expanding credit availability Ensuring proper utilization Passing on benefit of low cost funds to
ultimate beneficiaries Strengthening MIS to capture data on
income and other eligibility parameters
Timeliness in submission of information / returns to NHB
Way Forward
Avail at least one-half of the sanctioned limit under RHF / for low income housing
Increasing loan portfolio by taking advantage of Credit Guarantee Fund / loan-cum-subsidy programmes of Government(s)
Indirect finance
Construction finance for affordable housing
Energy Efficient Housing
Sahara City Homes (type A, B, C & D) at Nagpur - 24 - 31%
Sahara City Homes at Lucknow - 32% 3C’s projects at NOIDA - 10 - 16% Hiranandani Palace Gardens at Mumbai -
33% BCIL Zedwood at Bangalore - 31 - 42%