Page 245 - NHB AR 2020-21-3 complete- Print (1)
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informed that the Grievances of the HFCs shall be resolved through the designated cell
at SBI in consultation with the Ministry of Finance, Government of India.
c. Public Health Response to COVID-19
In a review held by Hon’ble Prime Minister of India on April 04, 2021, on the then
emerging situation due to alarming upward trend of COVID-19 cases in the country,
it was decided to focus on the five-fold strategy to deal with the emerging crisis viz.
Testing, Tracing, Treatment, COVID appropriate behaviour and Vaccination. A low-
cost people’s campaign emphasising COVID-19 appropriate behaviour with focussed
messaging namely on ‘Dawai bhi, Kadai bhi’, encouraging people to wear mask
when in public places, follow physical distancing, washing hands frequently etc. by
displaying banners/ posters, messaging through SMS/emails etc. and interpersonal
communication through functionaries etc. was expected to create public awareness.
Accordingly, the HFCs were advised vide our circular dated 9th April 2021 to give wide
publicity to this message in regional languages through the various creatives.
d. Returns to be submitted by Housing Finance Companies (HFCs)- Master Circular
NHB has issued various communications on submission of returns from time to time.
The aforesaid Master Circular was issued on 13th April 2021 to consolidate all important
instructions on the subject issued by NHB till March 31, 2021, for ready reference.
e. Extension of Timelines in submission of Supervisory Returns
In view of the situation prevailing due to the second wave of COVID-19 Pandemic,
the timelines for submission of various supervisory returns to the Department of
Supervision (DoS) were extended vide our circular dated 17th May 2021.
3.4.2 Coordination with Other Regulatory Bodies
NHB acted in close co-ordination with RBI with regard to the issue of Master Direction-Non-
Banking Financial Company-Housing Finance Company (Reserve Bank) Directions, 2021
inter-alia consolidating all the earlier Directions/circulars/guidelines issued with regard to
regulation of HFCs.
NHB continued the process of coordination with other Regulatory Authorities through its
participation in State Level Coordination Committee meetings convened by the RBI and
attended by State Police Department, State Government through its Ministries/ Department,
Economic Offences Wing, Registrar of Companies, Company Law Board, Securities and
Exchange Board of India, Institute of Chartered Accountants of India etc. During the year
2020-21, NHB participated in 26 SLCC meetings at various regions. NHB also attends inter
regulatory meetings convened by RBI/IRDA on issues with respect to HFCs and their group
Annual Report 2020-21 | 225
at SBI in consultation with the Ministry of Finance, Government of India.
c. Public Health Response to COVID-19
In a review held by Hon’ble Prime Minister of India on April 04, 2021, on the then
emerging situation due to alarming upward trend of COVID-19 cases in the country,
it was decided to focus on the five-fold strategy to deal with the emerging crisis viz.
Testing, Tracing, Treatment, COVID appropriate behaviour and Vaccination. A low-
cost people’s campaign emphasising COVID-19 appropriate behaviour with focussed
messaging namely on ‘Dawai bhi, Kadai bhi’, encouraging people to wear mask
when in public places, follow physical distancing, washing hands frequently etc. by
displaying banners/ posters, messaging through SMS/emails etc. and interpersonal
communication through functionaries etc. was expected to create public awareness.
Accordingly, the HFCs were advised vide our circular dated 9th April 2021 to give wide
publicity to this message in regional languages through the various creatives.
d. Returns to be submitted by Housing Finance Companies (HFCs)- Master Circular
NHB has issued various communications on submission of returns from time to time.
The aforesaid Master Circular was issued on 13th April 2021 to consolidate all important
instructions on the subject issued by NHB till March 31, 2021, for ready reference.
e. Extension of Timelines in submission of Supervisory Returns
In view of the situation prevailing due to the second wave of COVID-19 Pandemic,
the timelines for submission of various supervisory returns to the Department of
Supervision (DoS) were extended vide our circular dated 17th May 2021.
3.4.2 Coordination with Other Regulatory Bodies
NHB acted in close co-ordination with RBI with regard to the issue of Master Direction-Non-
Banking Financial Company-Housing Finance Company (Reserve Bank) Directions, 2021
inter-alia consolidating all the earlier Directions/circulars/guidelines issued with regard to
regulation of HFCs.
NHB continued the process of coordination with other Regulatory Authorities through its
participation in State Level Coordination Committee meetings convened by the RBI and
attended by State Police Department, State Government through its Ministries/ Department,
Economic Offences Wing, Registrar of Companies, Company Law Board, Securities and
Exchange Board of India, Institute of Chartered Accountants of India etc. During the year
2020-21, NHB participated in 26 SLCC meetings at various regions. NHB also attends inter
regulatory meetings convened by RBI/IRDA on issues with respect to HFCs and their group
Annual Report 2020-21 | 225
