Page 311 - NHB AR 2020-21-3 complete- Print (1)
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(B) NOTES
14. Capital
There is no change in the Equity Capital in FY 2020-21.
15. Reserve Fund
Out of net profit for FY 2020-21, the Bank has transferred 160.95 crore to Reserve Fund.
16. Investment Fluctuation Reserve Account
As per RBI guidelines on prudential norms for classification, valuation and operation
of investment portfolio for FIs, the provision required to be created on account of
depreciation in the Available for Sale category in any year should be debited to the
Profit & Loss Account and an equivalent amount (net of taxes) or balance available in
the Investment Fluctuation Reserve (IFR) Account, whichever is less, shall be transferred
from Investment Fluctuation Reserve Account to the Profit & Loss Account. In the event
provisions created on account of depreciation in the available for sale category are
found to be in excess of the required amount in any year, the excess is credited to the
Profit & Loss Account and an equivalent amount (net of taxes, if any) is appropriated
to the Investment Fluctuation Reserve Account. No amount has been transferred to IFR
during the year and balance outstanding as on June 30, 2021 is `20.08 crores.
17. Tax Free Bonds
NHB had mobilized an aggregate amount of `4,640.13 crores (`640.13 crores in 2012-13
and `4,000 crores in 2013-14) excluding premium thereon, through issuance of Tax Free
Bonds. These Bonds are secured by way of Pari passu floating first charge on the specific
book debts of NHB. As on June 30, 2021, the value of the hypothecated assets given as
security for Tax-free Bonds was `4,706.52 crores.
During the year Amortization details of Premium on tax free Bonds is as follows:
(` in Lakh)
Bond 2019-20 2020-21 Transferred to
Premium on NHB Tax Free Bonds 37.07 32.44 P&L
4.64
Mentioned Below is age wise amount unclaimed in NHB Tax Free interest payment account
as on 30.06.2021. Further, NHB has unclaimed Interest on application money Amounting to
` 6.26 lakhs and ` 0.14 Lakhs for Tranche I and II respectively
Annual Report 2020-21 | 291
14. Capital
There is no change in the Equity Capital in FY 2020-21.
15. Reserve Fund
Out of net profit for FY 2020-21, the Bank has transferred 160.95 crore to Reserve Fund.
16. Investment Fluctuation Reserve Account
As per RBI guidelines on prudential norms for classification, valuation and operation
of investment portfolio for FIs, the provision required to be created on account of
depreciation in the Available for Sale category in any year should be debited to the
Profit & Loss Account and an equivalent amount (net of taxes) or balance available in
the Investment Fluctuation Reserve (IFR) Account, whichever is less, shall be transferred
from Investment Fluctuation Reserve Account to the Profit & Loss Account. In the event
provisions created on account of depreciation in the available for sale category are
found to be in excess of the required amount in any year, the excess is credited to the
Profit & Loss Account and an equivalent amount (net of taxes, if any) is appropriated
to the Investment Fluctuation Reserve Account. No amount has been transferred to IFR
during the year and balance outstanding as on June 30, 2021 is `20.08 crores.
17. Tax Free Bonds
NHB had mobilized an aggregate amount of `4,640.13 crores (`640.13 crores in 2012-13
and `4,000 crores in 2013-14) excluding premium thereon, through issuance of Tax Free
Bonds. These Bonds are secured by way of Pari passu floating first charge on the specific
book debts of NHB. As on June 30, 2021, the value of the hypothecated assets given as
security for Tax-free Bonds was `4,706.52 crores.
During the year Amortization details of Premium on tax free Bonds is as follows:
(` in Lakh)
Bond 2019-20 2020-21 Transferred to
Premium on NHB Tax Free Bonds 37.07 32.44 P&L
4.64
Mentioned Below is age wise amount unclaimed in NHB Tax Free interest payment account
as on 30.06.2021. Further, NHB has unclaimed Interest on application money Amounting to
` 6.26 lakhs and ` 0.14 Lakhs for Tranche I and II respectively
Annual Report 2020-21 | 291
