NHB (ND)/DRS/Pol-No.31- corrg./2009-10

October 27, 2009

All Registered Housing Finance Companies

Madam/ Dear Sirs,

Housing Finance Companies (NHB) Directions, 2001 – Definition of public deposit- to include bonds/debentures issued by HFCs on the basis of  Negative Lien /or Power of Attorney- clarification - Corrigendum.

Kindly refer our Circular No. NHB (ND)/DRS/Pol-No.31/2009-10  dated. October 27, 2009 on the captioned subject.

In this connection, the refrence to Paragraph 2(1) (v) of the Housing Finance Companies (NHB) Directions, 2001 may please be read as Paragraph 2(1) (w) of the Housing Finance Companies (NHB) Directions, 2001.

Inconvenience caused is regretted.

Yours faithfully,

 (R.S.Garg)
General Manager