REPORT ON TREND AND PROGRESS OF HOUSING IN INDIA - JUNE, 2001

The total number of HFCs in the mailing list of NHB as on 31st March, 2001 was 342 as against 341 in the preceding year. In terms of Section 29A of the National Housing Bank Act, 1987, effective from 12th June, 2000, companies are required to obtain Certificate of Registration from NHB to be eligible to carry on / commence the business of a HFI. 257 companies on the bank’s mailing list had failed to apply for registration within the stipulated period and, therefore, have become ineligible to carry on the business of an HFI. NHB has received data from 85 HFCs during 2000-2001 under its system of off-site supervision in terms of the Housing Finance Companies (NHB) Directions, 1989. For the purpose of analysis of the data, these 85 HFCs are grouped into three categories as follows:

Categories of HFCs 31st March, 1999 31st March, 2000 31st March, 2001
A] HFCs which have furnished the data 100 83 85
B] Out of [A], HFCs approved for financial assistance from NHB (approved HFCs) 29 26 28
C] Out of [A], HFCs having of NOF Rs.50 lakh and above(excluding approved HFCs) 30 29 26
D] Out of [A], HFCs having NOF less than Rs.50 lakh 41 28 31
As the financial year of most of the HFCs is from April to March, the financial data given in this chapter is as on 31st March, 2001.
Table 1 : Broad financial information as on 31st March, 2001
(Rs. in crore)
Category of HFC Paid up capital Free Reserves NOF Public Deposits outstanding Housing Loans outstanding
A] HFCs approved for financial assistance from NHB
As on 31st March, 2001 1892.55 3921.18 5483.54 8640.90 33100.96
As on 31st March, 2000 1393.88 3426.00 4701.62 7180.98 25140.13
As on 31st March, 1999 1128.57 3126.89 4121.80 6088.95 24975.10
B] HFCs having NOF Rs.50 lakh and above
As on 31st March, 2001 68.39 12.93 71.60 51.98 127.41
As on 31st March, 2000 121.82 11.62 124.71 44.98 175.95
As on 31st March, 1999 81.94 17.97 95.17 47.77 98.69
C] Other HFCs
As on 31st March, 2001 10.01 0.59 0.67 26.41 21.43
As on 31st March, 2000 5.94 0.53 3.75 7.47 9.93
As on 31st March, 1999 6.27 0.58 4.40 14.50 10.01
Total
As on 31st March, 2001 1970.95 3934.70 5555.81 8719.29 33249.80
As on 31st March, 2000 1521.64 3438.15 4830.08 7233.43 25326.01
As on 31st March, 1999 1216.78 3145.44 4221.37 6151.22 25083.80
Source: Annual returns

There has been substantial increase in the paid up capital of the approved HFCs during the year 2000-01. Paid up capital which was Rs.1393.98 crore as on 31st March, 2000 increased to Rs.1892.55 crore as on 31st March, 2001, an increase of Rs.498.57 crore. As a result of increase in the paid up capital, the NOF of approved HFCs which constitute the major part of the housing finance sector, increased at around 17% (previous year 14%) from Rs.4701.62 crore as on 31st March, 2000 to Rs.5483.54 crore as on 31st March, 2001. The NOF of HFCs having NOF of Rs.50 lakh and above has, however, decreased from the earlier level of Rs.124.71 crore as on 31st March, 2000 to Rs.71.60 crore as on 31st March, 2001. On an overall basis, the NOF of the HFCs increased from Rs.4830.08 crore as on 31st March, 2000 to Rs.5555.81 crore as on 31st March, 2001, a net increase of Rs.725.73 crore.

The outstanding housing loans, which were Rs.25326.01 crore as on 31st March, 2000 increased to Rs.33249.80 crore as on 31st March, 2001. Of these outstanding housing loans, the approved HFCs account for Rs.33100.96 crore, representing 99.55% of the total housing loan portfolio of the reporting HFCs. Similarly, of the total outstanding public deposits of Rs.8719.29 crore as on 31st March, 2001, the approved HFCs account for Rs.8640.90 crore, representing 99.10% of the total outstanding public deposits.

The amount of housing loans sanctioned and disbursed by approved HFCs have also shown steady growth over the last four years:

Housing loans sanctioned and disbursed by approved HFCs*

(Rs. in crore)
1997-98 1998-99 1999-2000 2000-2001
SANCTIONED 8155.99 10319.18 14351.20 14829.16
DISBURSED 5767.55 7399.69 9812.03 12637.85
*figures given in this table are enumerated from the published reports of approved HFCs/quarterly data and not from statutory returns & HUDCO figures include disbursement for land acquisition, integrated low cost and sanitation programme, other Government action plan as well as individual housing loan of HUDCO Niwas

Public deposits

The outstanding public deposits with all reporting HFCs increased by over 20.54% to Rs.8719.29 crore as on 31st March 2001 as against the previous year’s figures of Rs.7233.43 crore.

A] HFCs approved for financial assistance from NHB

The outstanding public deposits with the approved HFCs which stood at Rs.7180.98 crore as on 31st March, 2000 rose by Rs.1459.92 crore and stood at Rs.8640.90 crore as on 31st March, 2001, an increase of 20.33%.

B] HFCs having NOF Rs.50 lakh and above

The outstanding public deposits with HFCs having NOF Rs.50 lakh and above were Rs.51.98 crore as on 31st March, 2001 as against Rs.44.98 crore as on 31st March 2000, an increase of Rs.7 crore. This was largely due to the fact that some of the non-reporting HFCs in 2000 which were holding public deposit started submitting returns in 2001.

C] Other HFCs

The outstanding public deposits with other HFCs, which were Rs.7.47 crore as on 31st March, 2000 increased to Rs.26.41 crore as on 31st March 2001. The increase in the public deposits of these categories of HFCs is due to addition of few new HFCs which are holding substantial amount of public deposits.

Table 2: Category-wise public deposits
(Rs. in crore)
Outstanding public deposits as on 31st March
Category 1999 2000 2001
of HFC No. of A/cs Amount No. of A/cs Amount No. of A/cs Amount
a) HFCs approved for financial assistance from NHB 1622399 6088.95 1537531 7180.98 1633781 8640.90
b) HFCs having NOF of Rs.50 lakh and above 33391 47.77 28048 44.98 28730 51.98
c) Other HFCs 56217 14.50 13695 7.47 31861 26.41
Total 1712007 6151.22 1579274 7233.43 1694372 8719.29

2. Classification of public deposits

The classification of public deposits as per the size, maturity and interest rate for different categories of HFCs is given below:

2.1 Size-wise classification

A] All reporting HFCs

The share of public deposits of over Rs.1,00,000 which accounted for 50.55% of the total deposits as on 31st March, 2000 increased to 52.35% as on 31st March, 2001. Subsequently, share of all other slabs declined except the slab of Rs.50,001 to Rs.1,00,000 which increased marginally from 14.41% to 14.70%.

Table 3 : Size-wise public deposits with all reporting HFCs
(Rs. in crore)
Size-wise Outstanding public deposits as on 31st March
public deposits 1999 2000 2001
Amount % Amount % Amount %
Upto Rs.5,000 128.73 2.09 104.47 1.44 84.14 0.97
Rs.5,001 to Rs.10,000 431.27 7.01 343.69 4.75 353.15 4.05
Rs.10,001 to Rs.25,000 905.74 14.72 877.88 12.14 1042.04 11.95
Rs.25,001 to Rs.50,000 1087.84 17.69 1208.55 16.71 1393.31 15.98
Rs.50,001 to Rs.1,00,000 971.15 15.79 1042.24 14.41 1281.89 14.70
Over Rs.1,00,000 2626.49 42.70 3656.60 50.55 4564.76 52.35
Total 6151.22 100.00 7233.43 100.00 8719.29 100.00

A.1] HFCs approved for financial assistance from NHB

The approved HFCs which represents 99.10% (previous year 99.27%) of the public deposits outstanding with all reporting HFCs as on 31st March, 2001 have 52.60% of their deposits in the deposit-size of over Rs.1,00,000 while the deposits of upto Rs.25,000 account for 16.67%. The share of public deposits in the range of Rs.50,001 to Rs.1,00,000 also experienced a marginal increase.

Table 4 : Size-wise public deposits with approved HFCs
(Rs. in crore)
Outstanding public deposits as on 31st March
Size-wise 1999 2000 2001
public deposits No. of A/cs Amount No. of A/cs Amount No. of A/cs Amount
Upto Rs.5,000 276242 122.46 234406 100.88 177287 79.19
(2.01) (1.40) (0.92)
Rs.5,001 to Rs.10,000 445493 420.39 366176 335.68 362929 344.51
(6.91) (4.67) (3.99)
Rs.10,001 to Rs.25,000 475340 885.56 460970 861.00 537171 1015.99
(14.54) (11.99) (11.76)
Rs.25,001 to Rs.50,000 261470 1078.88 295162 1199.70 335930 1379.86
(17.72) (16.71) (15.97)
Rs.50,001 to Rs.1,00,000 121680 965.77 133295 1037.60 162962 1275.82
(15.86) (14.45) (14.76)
Over Rs.1,00,000 42174 2615.89 47522 3646.12 57502 4545.53
(42.96) (50.78) (52.60)
Total 1622399 6088.95 1537531 7180.98 1633781 8640.90
Figures in brackets indicate % share

A.2] HFCs having NOF of Rs.50 lakh and above

The maximum amount of public deposits outstanding with these HFCs is seen in the category of Rs.10,001 to Rs.25,000. The share of this size of deposits has increased marginally from 31.90% as on 31st March, 2000 to 32.21% as on 31st March, 2001. Public deposits upto Rs.25,000 held by the HFCs having NOF of Rs.50 lakh and above account for 49.02%.
Table 5 : Size-wise public deposits with HFCs having NOF of Rs.50 lakh and above
(Rs. in crore)
Outstanding public deposits as on 31st March
Size-wise 1999 2000 2001
public deposits No. of A/cs Amount No. of A/cs Amount No. of A/cs Amount
Upto Rs.5,000 10122 2.74 8667 2.50 7499 2.21
(5.74) (5.56) (4.25)
Rs.5,001 to Rs.10,000 10694 8.28 7964 6.74 7569 6.53
(17.33) (14.98) (12.56)
Rs.10,001 to Rs.25,000 9978 15.99 8867 14.35 10546 16.74
(33.47) (31.90) (32.21)
Rs.25,001 to Rs.50,000 1827 7.00 1815 7.22 2312 9.35
(14.65) (16.05) (17.99)
Rs.50,001 to Rs.1,00,000 554 3.98 545 3.97 562 4.05
(8.33) (8.83) (7.79)
Over Rs.1,00,000 216 9.78 190 10.20 242 13.10
(20.47) (22.68) (25.20)
Total 33391 47.77 28048 44.98 28730 51.98
Figures in brackets indicate % share

A.3] Other HFCs

In this category of HFCs also, concentration of public deposits was highest in the size-group of Rs.10,001 to Rs.25,000 representing 35.25% of the total deposits followed by the size-group of over Rs.1,00,000 representing 23.21% of the total deposits outstanding as on 31st March, 2001. A trend that was observed among the depositors of relatively small denomination during 1999-00 has now been changed. Public deposits in the size group of upto Rs.10,000 which were 31.59% as on 31st March, 2000, now decreased to 18.37% as on 31st March, 2001, though public deposit in this size group increased from Rs.2.36 crore as on 31st March, 2000 to Rs.4.85 crore as on 31st March, 2001, respectively. Public deposits of these HFCs have increased by over two and half time from Rs.7.47 crore as on 31st March, 2000 to Rs.26.41 crore as on 31st March, 2001. In this context, it may be mentioned that there are 31 reporting HFCs in this category as on 31st March, 2001 out of which only 18 HFCs were holding public deposits. The public deposits with these HFCs are expected to decrease in the coming years, as HFCs having NOF below Rs.25 lakh are no longer eligible to accept public deposits.

Table 6 : Size-wise public deposits with other HFCs
(Rs. in crore)
Outstanding public deposits as on 31st March
Size-wise 1999 2000 2001
public deposits No. of A/cs Amount No. of A/cs Amount No. of A/cs Amount
Upto Rs.5,000 47776 3.54 9992 1.09 20284 2.74
(24.41) (14.59) (10.38)
Rs.5,001 to Rs.10,000 4773 2.59 1624 1.27 3744 2.11
(17.86) (17.00) (7.99)
Rs.10,001 to Rs.25,000 2773 4.19 1500 2.52 5828 9.31
(28.89) (33.73) (35.25)
Rs.25,001 to Rs.50,000 642 1.98 450 1.64 1645 4.10
(13.66) (21.96) (15.52)
Rs.50,001 to Rs.1,00,000 198 1.39 106 0.67 278 2.02
(9.59) (8.97) (7.65)
Over Rs.1,00,000 55 0.81 23 0.28 82 6.13
(5.59) (3.75) (23.21)
Total 56217 14.50 13695 7.47 31861 26.41
Figures in brackets indicate % share

2.2 Maturity-wise Classification

An analysis of maturity wise classification of public deposits indicates the depositors’ preference for public deposits having maturity period of 24 months or more but less than 48 months. In as much as 56.25% (previous year 55.40%) of the deposits outstanding with the HFCs are concentrated in this category.

A] All reporting HFCs

The public deposits with maturity period of 12 months or more but less than 24 months is showing decreasing trend. The public deposits under this maturity which were Rs.3094.58 crore as on 31st March, 1999 substantially decreased to Rs.915.22 crore as on 31st March, 2000 and further decreased to Rs.736.44 crore as on 31st March, 2001. On the other hand, as indicated above, public deposits with a maturity period of 24 months or more but less than 48 months increased considerably from Rs.1191.08 crore to Rs.4007.01 crore and further to Rs.4904.79 crore during the corresponding period. Considering the fact that the housing loans are long-term in nature and 64.81% (previous year 68.24%) deposits having a maturity period of less than 48 months, the HFCs are expected to have better asset-liability management in place.

Table 7 : Maturity-wise public deposits with all reporting HFCs
(Rs. in crore)
Outstanding public deposits as on 31st March
Maturity-wise 1999 2000 2001
public deposits Amount % Amount % Amount %
Less than 12 months 546.38 8.88 13.81 0.19 9.98 0.11
12 months or more but less than 24 months 3094.58 50.31 915.22 12.65 736.44 8.45
24 months or more but less than 48 months 1191.08 19.36 4007.01 55.40 4904.80 56.25
48 months or more but less than 60 months 449.86 7.31 420.17 5.81 344.91 3.96
60 months 558.30 9.08 1244.68 17.21 1727.86 19.82
More than 60 months but less than 84 months 172.63 2.81 315.88 4.37 413.49 4.74
84 months 138.39 2.25 316.65 4.37 331.52 3.80
More than 84 months 0.00 0.00 0.01 0.00 250.29 2.87
Total 6151.22 100.00 7233.43 100.00 8719.29 100.00

A.1] HFCs approved for financial assistance from NHB

In this category of HFCs, maturity-wise the largest component of outstanding public deposits was also in the slab of 24 months or more but less than 48 months. Public deposits, which were Rs.3980.61 crore as on 31st March, 2000 have increased to Rs.4876.59 crore as on 31st March, 2001, representing a growth of 22.51%. Similarly, public deposits of maturity period of 60 months and more substantially increased from a level of Rs.1862.32 crore as on 31st March, 2000 to Rs.2701.80 crore as on 31st March, 2001. On the other hand, public deposits having maturity period of 12 months or more but less than 24 months have decreased from Rs.907.64 crore on 31st March, 2000 to Rs.711.35 crore as on 31st March, 2001, a decline of 21.63%. This is indicative of the fact that in view of the downward trend in the movement of interest rates, public are keeping their savings in deposits for a longer period and also investing in debentures/bonds of longer period issued by these categories of HFCs.

Table 8 : Maturity-wise public deposits with approved HFCs
(Rs. in crore)
Outstanding public deposits as on 31st March
Maturity-wise 1999 2000 2001
public deposits No. of A/cs Amount No. of A/cs Amount No. of A/cs Amount
Less than 12 months 99239 545.79 4014 13.68 3279 9.46
(8.96) (0.19) (0.11)
12 months or more but 635548 3078.66 156514 907.64 151238 711.35
less than 24 months (50.56) (12.64) (8.23)
24 months or more but 447880 1163.28 678941 3980.61 785681 4876.59
less than 48 months (19.10) (55.43) (56.44)
48 months or more but 116620 446.14 256452 416.73 151105 341.70
less than 60 months (7.33) (5.80) (3.95)
60 months 232554 550.51 236064 1233.24 278760 1713.54
(9.04) (17.17) (19.83)
More than 60 months but 19772 169.65 149582 315.16 159689 412.93
less than 84 months (2.79) (4.39) (4.78)
84 months 70786 134.92 55964 313.92 42118 325.05
(2.22) (4.37) (3.76)
More than 84 months 0.00 0.00 0.00 0.00 61911 250.28
(0.00) (0.00) (2.90)
Total 1622399 6088.95 1537531 7180.98 1633781 8640.90
Figures in brackets indicate % share

A.2] HFCs having NOF of Rs.50 lakh and above

As per the general trend observed during the last year in this category of HFCs and also in the approved HFCs, the amount of public deposits in the slab of 24 months or more but less than 48 months were the highest for these HFCs. Public deposits in this category, which were Rs.22.61 crore as on 31st March, 2000 marginally declined to Rs.22.01 crore as on 31st March, 2001, representing 42.34% (previous year 50.27%) of the total outstanding public deposits with this category of HFCs.

Table 9 : Maturity-wise public deposits with HFCs having NOF of Rs.50 lakh and above
(Rs. in crore)
Outstanding public deposits as on 31st March
Maturity-wise 1999 2000 2001
public deposits No. of A/cs Amount No. of A/cs Amount No. of A/cs Amount
Less than 12 months 155 0.11 55 0.05 227 0.39
(0.23) (0.11) (0.75)
12 months or more but 10187 11.25 4952 6.46 6181 11.06
less than 24 months (23.55) (14.36) (21.28)
24 months or more but 11047 22.70 9165 22.61 7879 22.01
less than 48 months (47.52) (50.27) (42.34)
48 months or more but 2187 3.02 1940 2.91 1769 2.88
less than 60 months (6.32) (6.47) (5.54)
60 months 4988 6.61 8773 9.91 9669 12.78
(13.84) (22.03) (24.59)
More than 60 months 1975 1.74 229 0.36 230 0.36
but less than 84 months (3.64) (0.80) (0.69)
84 months 2852 2.34 2934 2.68 2775 2.50
(4.90) (5.96) (4.81)
More than 84 months 0 0.00 0 0.00 0 0.00
(0.00) (0.00) (0.00)
Total 33391 47.77 28048 44.98 28730 51.98
Figures in brackets indicate % share

A.3] Other HFCs

The public deposits of this category of HFCs have also shown an increasing trend during the year. This is due to few new HFCs, which were holding public deposits and had not submitted the data with reference to the position as on 31st March, 2000. As on 31st March, 2001, the maximum amount of deposits with this category of HFCs were with the maturity period of 12 months or more but less than 24 months followed by maturity period of 24 months or more but less than 48 months.

Table 10 : Maturity-wise public deposits with other HFCs
(Rs. in crore)
Outstanding public deposits as on 31st March
Maturity-wise 1999 2000 2001
public deposits No. of A/cs Amount No. of A/cs Amount No. of A/cs Amount
Less than 12 months 9763 0.48(3.31) 604 0.08(1.07) 78 0.13(0.49)
12 months or more but less than 24 months 9203 4.68(32.28) 3207 1.13(15.13) 7051 14.03(53.12)
24 months or more but less than 48 months 19631 5.10(35.17) 5895 3.80(50.87) 6725 6.20(23.48)
48 months or more but less than 60 months 2523 0.70(4.83) 1050 0.53(7.09) 255 0.33(1.25)
60 months 3610 1.18(8.14) 2583 1.52(20.35) 2937 1.54(5.83)
More than 60 months but less than 84 months 1255 1.24(8.55) 214 0.35(4.69) 131 0.20(0.76)
84 months 10232 1.12(7.72) 36 0.05(0.67) 14564 3.97(15.03)
More than 84 months 0.00 0.00(0.00) 106 0.01(0.13) 120 0.01(0.04)
Total 56217 14.50 13695 7.47 31861 26.41
Figures in brackets indicate % share

2.3 Interest rate-wise Classification

A] All reporting HFCs

Keeping pace with the declining trend in the interest rates observed in the financial sector, the maximum amount of deposits cluster around the interest rate of 11% to below 13%, which account for 43.87% (previous year 54.32%) followed by interest rate of 9% to below 11% which account for 39.80% of the public deposits outstanding as on 31st March, 2001. The deposits in the interest rate between 9% to 11% have substantially increased from 18.48% to 39.80% during the year ended March, 2001 while deposits carrying interest rates of 11% or more have fallen from 81.27% to 59.88% as on 31st March, 2000 and 31st March, 2001, respectively.

Table 11 : Interest rate-wise public deposits of all reporting HFCs
(Rs. in crore)
Interest rate-wise Outstanding public deposits as on 31st March
public deposits 1999 2000 2001
(rate per annum) Amount % Amount % Amount %
Below 6% 3.95 0.06 8.61 0.12 9.84 0.11
6% to below 9% 10.13 0.17 9.46 0.13 18.75 0.21
9 % to below 11% 391.07 6.36 1336.57 18.48 3470.14 39.80
11% to below 13% 2584.85 42.02 3929.20 54.32 3825.00 43.87
13% or more 3161.22 51.39 1949.59 26.95 1395.56 16.01
Total 6151.22 100.00 7233.43 100.00 8719.29 100.00

A.1] HFCs approved for financial assistance from NHB

With this category of HFCs, in the interest bracket of 9% to below 11%, the public deposits substantially increased from Rs.1335.56 crore as on 31st March, 2000 to Rs.3458.93 crore as on 31st March, 2001, representing 40.03% of the total deposits held by them. On the other hand, in the interest bracket of 11% to below 13%, the public deposits marginally decreased from Rs.3919.02 crore (previous year Rs.2580.34 crore) as on 31st March, 2000 to Rs.3796.88 crore as on 31st March, 2001, representing 43.94% of the total deposits held by them. This can partly be attributed to the growing competition in the housing finance sector compelling HFCs to mobilise funds at a lower interest rate. This also indicates the effort by the HFCs to repay the high cost bearing public deposits.

Table 12 : Interest rate-wise public deposits with approved HFCs
(Rs. in crore)
Interest rate-wise Outstanding public deposits as on 31st March
public deposits 1999 2000 2001
(rate per annum) No. of A/cs Amount No. of A/cs Amount No. of A/cs Amount
Below 6% 531 2.28 2928 8.05 3274 9.46
(0.04) (0.11) (0.11)
6% to below 9% 16176 10.08 11347 9.42 14167 18.63
(0.17) (0.13) (0.22)
9 % to below 11% 91524 389.06 252127 1335.56 669835 3458.93
(6.38) (18.60) (40.03)
11% to below 13% 492662 2580.34 618279 3919.02 542522 3796.88
(42.38) (54.58) (43.94)
13% or more 1021506 3107.19 652850 1908.93 403983 1357.00
(51.03) (26.58) (15.70)
Total 1622399 6088.95 1537531 7180.98 1633781 8640.90
Figures in brackets indicate % share

A.2] HFCs having NOF of Rs.50 lakh and above

The HFCs having NOF of Rs.50 lakh and above are still relying on the high cost funds. Though these HFCs are offering higher rates of interest than the approved HFCs, the deposits bearing interest rates 13% or more, which were Rs.34.71 crore (previous year Rs.43.85 crore) as on 31st March, 2000 have come down to Rs.27.27 crore as on 31st March, 2001. In percentage terms the share of deposits bearing interest rate 13% or more in total deposits held by HFCs in this category declined from 91.79% as on 31.03.1999 to 77.17% as on 31.03.2000 and it further declined to 52.46% as on 31.03.2001. On overall basis, public deposits held by these HFCs have increased from Rs.44.98 crore to Rs.51.98 crore as on 31st March, 2000 and 31st March, 2001 respectively. The deposits bearing interest rates of 11% to below 13% have, however, increased from Rs.9.57 crore to Rs.16.36 crore during the period of one year under review.

Table 13 : Interest rate-wise public deposits with HFCs having NOF Rs.50 lakh & above
(Rs. in crore)
Interest rate-wise Outstanding public deposits as on 31st March
public deposits 1999 2000 2001
(rate per annum) No. of A/cs Amount No. of A/cs Amount No. of A/cs Amount
Below 6% 212 0.02(0.04) 136 0.28(0.62) 2 0.00*(0.00)
6% to below 9% 0 0.00(0.00) 4 0.01(0.02) 208 0.04(0.08)
9 % to below 11% 2838 1.11(2.32) 840 0.41(0.91) 4126 8.31(15.99)
11% to below 13% 2502 2.79(5.84) 6611 9.57(21.28) 8330 16.36(31.47)
13% or more 27839 43.85(91.79) 20457 34.71(77.17) 16064 27.27(52.46)
Total 33391 47.77 28048 44.98 28730 51.98
Figures in brackets indicate % share
* Amount less than Rs.50,000/-.

A.3] Other HFCs

In this category of HFCs, public deposits as on 31st March, 2001 substantially increased by 253% due to the fact that some of the HFCs under this category which were holding public deposits and not submitted the information last year, have now submitted the information. Public deposits bearing an interest rate of 13% or more constitute around 43% while public deposits bearing an interest rate of 11% to below 13% constitutes around 45% of the public deposits outstanding with these HFCs as on 31st March, 2001. In this category also the share of deposits bearing interest rate 13% or above has declined from 80% as on 31.03.2000 to around 43% as at the end of March 2001.

Table 14 : Interest rate-wise public deposits with other HFCs
(Rs. in crore)
Interest rate-wise Outstanding public deposits as on 31st March
public deposits 1999 2000 2001
(rate per annum) No. of A/cs Amount No. of A/cs Amount No. of A/cs Amount
Below 6% 16231 1.65(11.38) 995 0.28(3.75) 1304 0.38(1.44)
6% to below 9% 1503 0.04(0.28) 543 0.03(0.40) 704 0.08(0.30)
9 % to below 11% 20655 0.88(6.07) 6466 0.60(8.03) 14443 2.90(10.98)
11% to below 13% 9001 1.72(11.86) 604 0.60(8.03) 6540 11.76(44.53)
13% or more 8827 10.21(70.41) 5087 5.96(79.79) 8870 11.29(42.75)
Total 56217 14.50 13695 7.47 31861 26.41
Figures in brackets indicate % share

3. Borrowings (excluding public deposits)

A] All reporting HFCs

The total outstanding borrowings of HFCs as on 31st March, 2001 were Rs.28191.02 crore as on 31st March, 2001 as compared to Rs.21729.99 crore as on 31st March, 2000, thereby showing an increase of 29.73%.

A.1] HFCs approved for financial assistance from NHB

Besides public deposits, the borrowings of these HFCs are from Banks, Financial Institutions, refinance from NHB, financial assistance from foreign Governments/ authorities, money received by way of subscription to debentures floated by the HFCs, etc. Borrowings of the approved HFCs increased to Rs.28130.84 crore as on 31st March, 2001 as compared to Rs.21673.87 crore as on 31st March, 2000.

A.2] HFCs having NOF of Rs.50 lakh and above

The outstanding total borrowings of these HFCs, which stood at Rs.53.41 crore as on 31st March, 2000 decreased to Rs.49.89 crore as on 31st March, 2001.

A.3] Other HFCs

The amount of borrowings of other HFCs which was Rs.2.71 crore as on 31st March, 2000 substantially increased to Rs.10.29 crore as on 31st March, 2001, an increase of Rs.7.58 crore.

4. Outstanding housing Loans

A] All reporting HFCs

The total outstanding housing loans of HFCs, which were Rs.25326.01, crore as on 31st March, 2000 increased by over 31% and stood at Rs.33249.80 crore as on 31st March, 2001.

A.1] HFCs approved for financial assistance from NHB

The outstanding housing loans of approved HFCs which stood at Rs.25140.13 crore as on 31st March, 2000 increased to Rs.33100.96 crore as on 31st March, 2001, an increased of Rs.7960.83 crore (31.67%).

A.2] HFCs having NOF of Rs.50 lakh and above

The amount of outstanding housing loans in respect of this segment of HFCs stood at Rs.127.41 crore as on 31st March, 2001 as compared to Rs.175.95 crore as on 31st March, 2000, decreased by 27.59%.

A.3] Other HFCs

The outstanding housing loans of other HFCs, which were Rs.9.93, crore as on 31st March, 2000 substantially increased and stood at Rs.21.43 crore as on 31st March, 2001, in view of the increase in the number of HFCs which reported the data during the year.

5. Other loans and advances

Other loans and advances in respect of all reporting HFCs were Rs.8163.28 crore . Out of this, HUDCO accounted for Rs.6565.73 crore which mainly included urban and infrastructure loans. Besides, HDFC accounted for Rs.1437.13 crore which mainly included loans to companies not in the same group. Approved HFCs account for 99.56% of the total other loans and advance of all reporting HFCs.

6. Investments

A] All reporting HFCs

Total investments of all reporting HFCs, which stood at Rs.5465.77 crore as on 31st March, 2000, declined to Rs.5325.26 crore as on 31st March, 2001, a decrease of 2.57%.

A.1] HFCs approved for financial assistance from NHB

The investments of this segment of HFCs have marginally decreased to Rs.5296.89 crore as on 31st March, 2001 from Rs.5433.84 crore as on 31st March, 2000, showing a decline of 2.52%.

A.2] HFCs having NOF of Rs.50 lakh and above

The investments of these HFCs stood at Rs.21.77 crore as on 31st March, 2001 as compared to Rs.29.59 crore as on 31st March, 2000, decline of 7.82 crore.

A.3] Other HFCs

The investments of other HFCs has substantially increased and stood at Rs.6.60 crore as on 31st March, 2001 as compared to Rs.2.34 crore as on 31st March, 2000, an increase of Rs.4.26 crore.