Page 233 - NHB AR 2020-21-3 complete- Print (1)
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2.4.5 Awards & Recognition
Bank’s Hindi in-house magazine, “Awaas Bharti” received the 2nd Prize from Delhi Town
Official Language Implementation Committee (TOLIC) for year 2019-20.
2.4.6 Corporate Social Responsibility
The National Housing Bank was established under the National Housing Bank Act, 1987,
and hence the provisions relating to CSR under the Companies Act, 2013 are not applicable.
However, as a responsible institution, the NHB has been earmarking certain amount for CSR
activities every year since 2017-18. CSR efforts of the Bank are aimed towards developmental
and welfare activities, where the impact achieved would be widespread. During financial
year 2020-21, the Bank contributed an amount of `1 crore to Prime Minister’s National Relief
Fund (PMNRF) on June 30, 2021.
Annual Report 2020-21 | 213
Bank’s Hindi in-house magazine, “Awaas Bharti” received the 2nd Prize from Delhi Town
Official Language Implementation Committee (TOLIC) for year 2019-20.
2.4.6 Corporate Social Responsibility
The National Housing Bank was established under the National Housing Bank Act, 1987,
and hence the provisions relating to CSR under the Companies Act, 2013 are not applicable.
However, as a responsible institution, the NHB has been earmarking certain amount for CSR
activities every year since 2017-18. CSR efforts of the Bank are aimed towards developmental
and welfare activities, where the impact achieved would be widespread. During financial
year 2020-21, the Bank contributed an amount of `1 crore to Prime Minister’s National Relief
Fund (PMNRF) on June 30, 2021.
Annual Report 2020-21 | 213
