National Housing Bank

(Wholly Owned by the Reserve Bank of India)

New Delhi

 

 

HOUSING FINANCE COMPANIES (NHB) DIRECTIONS, 2001

 

Direction No. NHB.HFC.DIR. 13/CMD/2005 dated December 19, 2005

 

The National Housing Bank having considered it necessary in the public interest and being satisfied that, for the purpose of enabling the National Housing Bank to regulate the housing finance system in the country to its advantage, 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:-

 

I) In explanation (3) under paragraph 26, of the Housing Finance Companies (NHB) Directions, 2001 after item c), the following new item shall be inserted as item d), viz.

 

i)* Fund based and non-fund based exposures secured by mortgages on commercial real estates (office buildings, retail space, multi-purpose commercial premises, multi-family residential buildings, multi-tenanted commercial premises, industrial or warehouse space, hotels, land acquisition, development and construction, etc.).”	125
ii)** Investments in Mortgage Backed Securities (MBS) and other securitised exposures backed by exposures as at (i) above.

 

*to be reported against new tem code number 246 in Schedule II (Half-yearly Statement)

 

**to be reported against new item code number 247 in Schedule II (Half-yearly Statement)

 

 

 

Sd/-

P.K Gupta

Chairman & Managing Director