National Housing Bank
(Wholly Owned by the Reserve Bank of India)
New Delhi

Direction No. NHB.HFC.DIR. 20/CMD/2007 dated July 6, 2007

The National Housing Bank is satisfied that, in the public interest it is necessary so to do, hereby in exercise of the powers conferred on it by sections 30A and 31 of the National Housing Bank Act, 1987 (53 of 1987) and all the powers enabling it in this behalf, directs that the Housing Finance Companies (NHB) Directions, 2001 shall with immediate effect , be further amended in the following manner, namely:-

In paragraph 26, in Explanations (1), -

In Sub- Explanation (3), for item (b), the following shall be substituted, namely:-

(b)(i) Housing loans to individuals up to Rs. 20 lakhs secured by mortgage of immovable property, which are classified as standard assets	50
(b)(ii) Housing loans to individuals above Rs. 20 lakhs secured by mortgage of immovable property, which are classified as standard assets	75

 

 

S.Sridhar
Chairman & Managing Director