Page 312 - NHB AR 2020-21-3 complete- Print (1)
P. 312
Year (` in Lakh)
2014-15
2015-16 Interest Amount Unclaimed
2016-17
2017-18 6.59
2018-19 7.52
2019-20 22.47
2020-21 12.83
Total amount unclaimed 11.7
18.3
24.81
104.22
18. Special Series Priority Sector Bonds
Exim Bank, Canara Bank & Bank of India have subscribed to Special Series Bonds
issued by the Bank for ` 564 crores (` 77.90 crores is outstanding as on June 30, 2021).
These Special Series Bonds are repayable in half yearly installments till 2022 and 2025,
respectively.
19. NHB Bonds
NHB mobilizes funds through issuance of bonds/debentures which do not carry any
tax benefits. They are issued as per RBI guidelines and are unsecured in nature. During
the year 2020-21, the Bank has issued new bonds of ` 2535 crore under this category
and bonds amounting to ` 50 crores were repaid during the year. As on June 30, 2021,
` 13,205 crores is outstanding under this category.
20. Rural Housing Fund
Rural Housing Fund was first established as per the announcement made by the Hon’ble
Finance Minister, while presenting the budget for the year 2008-09. The fund was set up
with contribution by Scheduled Commercial Banks not achieving their priority sector
lending obligations. The fund was set up with the National Housing Bank to enhance
its Refinancing Operations to the Rural Housing Sector. Till June 30, 2021, the Bank has
received total amount of ` 31,278.18 crore under this fund and the Balance Outstanding
as on June 30, 2021 is ` 14,000 crore. The same has been shown as ‘Deposits from Banks
under Rural Housing Fund’ in Schedule-V (‘Deposits’).
21. Urban Housing Fund
During 2013-14, Urban Housing Fund of ` 2000 crores with contributions from
scheduled commercial banks, as allocated by Reserve Bank of India, was set up with
292 | Annual Report 2020-21
2014-15
2015-16 Interest Amount Unclaimed
2016-17
2017-18 6.59
2018-19 7.52
2019-20 22.47
2020-21 12.83
Total amount unclaimed 11.7
18.3
24.81
104.22
18. Special Series Priority Sector Bonds
Exim Bank, Canara Bank & Bank of India have subscribed to Special Series Bonds
issued by the Bank for ` 564 crores (` 77.90 crores is outstanding as on June 30, 2021).
These Special Series Bonds are repayable in half yearly installments till 2022 and 2025,
respectively.
19. NHB Bonds
NHB mobilizes funds through issuance of bonds/debentures which do not carry any
tax benefits. They are issued as per RBI guidelines and are unsecured in nature. During
the year 2020-21, the Bank has issued new bonds of ` 2535 crore under this category
and bonds amounting to ` 50 crores were repaid during the year. As on June 30, 2021,
` 13,205 crores is outstanding under this category.
20. Rural Housing Fund
Rural Housing Fund was first established as per the announcement made by the Hon’ble
Finance Minister, while presenting the budget for the year 2008-09. The fund was set up
with contribution by Scheduled Commercial Banks not achieving their priority sector
lending obligations. The fund was set up with the National Housing Bank to enhance
its Refinancing Operations to the Rural Housing Sector. Till June 30, 2021, the Bank has
received total amount of ` 31,278.18 crore under this fund and the Balance Outstanding
as on June 30, 2021 is ` 14,000 crore. The same has been shown as ‘Deposits from Banks
under Rural Housing Fund’ in Schedule-V (‘Deposits’).
21. Urban Housing Fund
During 2013-14, Urban Housing Fund of ` 2000 crores with contributions from
scheduled commercial banks, as allocated by Reserve Bank of India, was set up with
292 | Annual Report 2020-21
