Page 281 - NHB AR 2020-21-3 complete- Print (1)
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3. Details of Subsidiary, Joint Venture and Associate Companies
NHB does not have any Subsidiary, Joint Venture or Associate Company.
4. Loans and Investment
The Bank provides finance to the housing sector through two windows namely Refinance and
Project Finance. Through Refinance, Bank makes intervention in the demand side and through
the Project Finance window supply side interventions are achieved. During the FY 2020-21
Bank has disbursed a total amount of ` 34,230 crore to Housing Finance Companies, Scheduled
Commercial Banks including Regional Rural Banks and Small Finance Banks, this includes 12
new PLIs consisting of 9 HFCs and 3 Banks. Out of the total disbursed amount Rs.9,631 crore
was disbursed under AHF and Rs.12,041 crore was extended under SRF/ASRF/SRF-2.
5. Amounts transferred to Reserves
During the FY ending 2021, an amount of ` 160.95 crores has been transferred to Reserve Fund.
6. Number of Board Meetings
During the year 2020-21, the Board met six times, the Audit Committee of the Board met five
times, the Executive Committee of the Board met five times, the Human Resource Committee of
the Board met five times, Supervisory Committee of the Board met three times and Remuneration
Committee of the Board met one time.
7. Particulars of Contract and arrangement with Related Parties:
Please refer to Para 20 of the Notes to Accounts.
8. Explanation to Auditor’s remarks:
For the FY 2020-21, the Statutory Auditors have given unqualified report on the Bank’s Financials
and opined that there are no observations or comments on financial transactions or matters
which have any adverse effect on the functioning of the Bank
9. Material changes affecting the financial position of the Bank:
There are no Material changes and commitments affecting the financial position of the Bank
occurred between the end of the financial year to which this financial statement relates and the
date of this report.
10. Risk Management Policy
The Bank has a comprehensive Risk Management Policy approved by the Board in place. The
objective of Risk Management Policy of the Bank is:
Annual Report 2020-21 | 261
NHB does not have any Subsidiary, Joint Venture or Associate Company.
4. Loans and Investment
The Bank provides finance to the housing sector through two windows namely Refinance and
Project Finance. Through Refinance, Bank makes intervention in the demand side and through
the Project Finance window supply side interventions are achieved. During the FY 2020-21
Bank has disbursed a total amount of ` 34,230 crore to Housing Finance Companies, Scheduled
Commercial Banks including Regional Rural Banks and Small Finance Banks, this includes 12
new PLIs consisting of 9 HFCs and 3 Banks. Out of the total disbursed amount Rs.9,631 crore
was disbursed under AHF and Rs.12,041 crore was extended under SRF/ASRF/SRF-2.
5. Amounts transferred to Reserves
During the FY ending 2021, an amount of ` 160.95 crores has been transferred to Reserve Fund.
6. Number of Board Meetings
During the year 2020-21, the Board met six times, the Audit Committee of the Board met five
times, the Executive Committee of the Board met five times, the Human Resource Committee of
the Board met five times, Supervisory Committee of the Board met three times and Remuneration
Committee of the Board met one time.
7. Particulars of Contract and arrangement with Related Parties:
Please refer to Para 20 of the Notes to Accounts.
8. Explanation to Auditor’s remarks:
For the FY 2020-21, the Statutory Auditors have given unqualified report on the Bank’s Financials
and opined that there are no observations or comments on financial transactions or matters
which have any adverse effect on the functioning of the Bank
9. Material changes affecting the financial position of the Bank:
There are no Material changes and commitments affecting the financial position of the Bank
occurred between the end of the financial year to which this financial statement relates and the
date of this report.
10. Risk Management Policy
The Bank has a comprehensive Risk Management Policy approved by the Board in place. The
objective of Risk Management Policy of the Bank is:
Annual Report 2020-21 | 261
