Annual Report 2004-2005

HIGHLIGHTS

1.1.1 Disbursement during the year reached an all time high of Rs.7,527.20 crore. Of this, Rs.3536.16 crore i.e. 47% of the total refinance disbursement was under Golden Jubilee Rural Housing Finance Scheme.

1.1.2 The Bank continues to maintain its track record of NIL Net NPA.

 

• The debt instruments of NHB are rated as AAA( Ind) by Fitch Ratings India Private Limited and “CARE AAA” by Credit Analysis and Research Limited, denoting highest quality carrying negligible investment risk.

 

• The Bank borrowed Rs.6759.24 crore during the year from various sources. Capital Gains Bonds continued to be the major source of funds for the Bank.

 

• For the first time, the Bank launched Residential Mortgage Backed Security under NHB's corporate guarantee of the size of Rs. 99.33 crore.

 

• To address the housing needs of the poor and the disadvantaged, the Bank has opened a new window of lending to Micro Finance Institutions (MFIs) in order to reach housing credit to the grass root level in the informal sector.

 

• During the year, the Bank carried out 20 on-site inspections in order to assess the financial position of Housing Finance Companies (HFCs) and verify their status of compliance in relation to the Directions issued by NHB.

HB organized eight training programmes during the year for various institutions engaged in the housing sector. The participants included representatives of Housing Finance Companies and Scheduled Commercial Banks besides Investors in residential mortgage backed securities.