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filed an appeal against the said order before the Appellant Authority.
Besides the flagged loans, NHB has also obtained the charge on book debts and other
assets, personal guarantees and corporate guarantees. In the opinion of the Bank,
keeping in view the statutory provision under Section 16B of National Housing Bank
Act, 1987, the loan outstanding in the underlying pool of loans as well as the adverse
balance amount together forms the realizable value of the security.
Bank has provided 100% provisioning in respect of both DHFL and PMC Bank.
50. COVID-19 Regulatory Package
The Reserve Bank of India (RBI) had vide circulars dated March 27, 2020, April 17, 2020,
and May 23, 2020, announced regulatory measures aiming at alleviating financial stress
being faced by borrowers (households and businesses) in debt servicing due to the
disruptions caused by COVID-19 pandemic.
RBI had, vide said circulars, permitted lending institutions, including AIFIs, to grant
moratorium of three months on payment of all instalments falling due between
March 1, 2020 and August 31, 2020. RBI had also allowed lending institutions to
exclude moratorium period from the number of days past-due for the purpose of
asset classification under the IRAC norms for all accounts classified as standard as on
February 29, 2020, even if overdue, wherever moratorium has been granted. In addition
to this, lending institutions were instructed to make provisions of not less than 10 per
cent of the total outstanding of such accounts, to be phased over two quarters as under:
(i) Quarter ended March 31, 2020 – not less than 5 per cent
(ii) Quarter ending June 30, 2020 – not less than 5 per cent
In terms of the RBI circular dated April 17, 2020, the Bank has granted moratorium to
one borrowers during the FY ended June 2021, the details of which are as under:
Name of Borrower Net outstanding as on 30.06.2021
Housing Board Haryana
Total: 65,17,43,317.00
65,17,43,317.00
IIn terms of the RBI circular dated April 17, 2020, during the quarter ended June 2020,
the Bank has granted moratorium to Housing Finance Companies viz. Khush Housing
Finance Private Limited, MAS Rural Housing & Mortgage Finance Ltd. and SEWA Grih
Rin Limited. The above mentioned PLIs have paid the demand due as on October 1st,
2020 i.e. at the end of the moratorium period.
312 | Annual Report 2020-21
Besides the flagged loans, NHB has also obtained the charge on book debts and other
assets, personal guarantees and corporate guarantees. In the opinion of the Bank,
keeping in view the statutory provision under Section 16B of National Housing Bank
Act, 1987, the loan outstanding in the underlying pool of loans as well as the adverse
balance amount together forms the realizable value of the security.
Bank has provided 100% provisioning in respect of both DHFL and PMC Bank.
50. COVID-19 Regulatory Package
The Reserve Bank of India (RBI) had vide circulars dated March 27, 2020, April 17, 2020,
and May 23, 2020, announced regulatory measures aiming at alleviating financial stress
being faced by borrowers (households and businesses) in debt servicing due to the
disruptions caused by COVID-19 pandemic.
RBI had, vide said circulars, permitted lending institutions, including AIFIs, to grant
moratorium of three months on payment of all instalments falling due between
March 1, 2020 and August 31, 2020. RBI had also allowed lending institutions to
exclude moratorium period from the number of days past-due for the purpose of
asset classification under the IRAC norms for all accounts classified as standard as on
February 29, 2020, even if overdue, wherever moratorium has been granted. In addition
to this, lending institutions were instructed to make provisions of not less than 10 per
cent of the total outstanding of such accounts, to be phased over two quarters as under:
(i) Quarter ended March 31, 2020 – not less than 5 per cent
(ii) Quarter ending June 30, 2020 – not less than 5 per cent
In terms of the RBI circular dated April 17, 2020, the Bank has granted moratorium to
one borrowers during the FY ended June 2021, the details of which are as under:
Name of Borrower Net outstanding as on 30.06.2021
Housing Board Haryana
Total: 65,17,43,317.00
65,17,43,317.00
IIn terms of the RBI circular dated April 17, 2020, during the quarter ended June 2020,
the Bank has granted moratorium to Housing Finance Companies viz. Khush Housing
Finance Private Limited, MAS Rural Housing & Mortgage Finance Ltd. and SEWA Grih
Rin Limited. The above mentioned PLIs have paid the demand due as on October 1st,
2020 i.e. at the end of the moratorium period.
312 | Annual Report 2020-21
