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51. Coronavirus (COVID-19) Impact on Financial Reporting
The outbreak of Coronavirus disease (also known as COVID-2019 or COVID-19) has
impacted the health of people worldwide as well as on the state of economy and
commerce of the world in general and on India specifically. The Chartered Accountants
body advised the preparers of financial statements to ensure that the potential impact of
COVID-19 is suitably considered in preparing and reporting their financial statements
for the year ended June 30, 2021.
The Reserve Bank of India has, on April 17, 2020, announced infusion liquidity of `
10,000 Crore into the housing finance sector to be routed through National Housing
Bank (NHB) to support the immediate liquidity requirements of HFCs as collections
are likely to be impacted due to COVID-19. ln order to shield the housing sector from
liquidity disruptions and augment the flow of finance to the sector through HFCs,
Reserve Bank of India vide its letter dated August 6, 2021 communicated to provide
an Additional Special Liquidity Facility (ASLF) of ` 5,000 Crore. In order to meet the
liquidity needs of the housing sector, Reserve Bank of India vide its letter dated April
9, 2021 communicated to provide Special Liquidity Facility-2 (SLF-2) of ` 10,000 Crore.
The Bank has evaluated all probable scenarios after considering moratorium extended
and ascertained that as on date of closure of books, neither is there any material impact
that can be quantifiable and adjusted in the financials nor can be reported. In the given
circumstances, it is highly improbable to gauge with certainty the extent to which
COVID-19 impacts the future financials of Bank as the same depends upon future global
and domestic market dynamics.
The impact of COVID-19 may be different from that assessed at the date of approval
of the financial statements and the Bank will continue to closely monitor any material
changes that may arise due to prevailing future economic conditions.
52. Debenture Trustee
In terms of SEBI circular dated October 29, 2013 the contact details of the Debenture
trustee(s) for various Bonds issued by National Housing Bank is as given below-
Debenture Trustee for Tax-free Bonds-
Compliance Officer, Vistra ITCL (India) Limited
Plot C-22, G block, Bandra Kurla, Bandra, Mumbai: 400051
Phone: +91 22 2659 3927, Fax: +91 22 2653 3297
Email: itclcomplianceofficer@vistra.com Web: www.vistraitcl.com
Annual Report 2020-21 | 313
The outbreak of Coronavirus disease (also known as COVID-2019 or COVID-19) has
impacted the health of people worldwide as well as on the state of economy and
commerce of the world in general and on India specifically. The Chartered Accountants
body advised the preparers of financial statements to ensure that the potential impact of
COVID-19 is suitably considered in preparing and reporting their financial statements
for the year ended June 30, 2021.
The Reserve Bank of India has, on April 17, 2020, announced infusion liquidity of `
10,000 Crore into the housing finance sector to be routed through National Housing
Bank (NHB) to support the immediate liquidity requirements of HFCs as collections
are likely to be impacted due to COVID-19. ln order to shield the housing sector from
liquidity disruptions and augment the flow of finance to the sector through HFCs,
Reserve Bank of India vide its letter dated August 6, 2021 communicated to provide
an Additional Special Liquidity Facility (ASLF) of ` 5,000 Crore. In order to meet the
liquidity needs of the housing sector, Reserve Bank of India vide its letter dated April
9, 2021 communicated to provide Special Liquidity Facility-2 (SLF-2) of ` 10,000 Crore.
The Bank has evaluated all probable scenarios after considering moratorium extended
and ascertained that as on date of closure of books, neither is there any material impact
that can be quantifiable and adjusted in the financials nor can be reported. In the given
circumstances, it is highly improbable to gauge with certainty the extent to which
COVID-19 impacts the future financials of Bank as the same depends upon future global
and domestic market dynamics.
The impact of COVID-19 may be different from that assessed at the date of approval
of the financial statements and the Bank will continue to closely monitor any material
changes that may arise due to prevailing future economic conditions.
52. Debenture Trustee
In terms of SEBI circular dated October 29, 2013 the contact details of the Debenture
trustee(s) for various Bonds issued by National Housing Bank is as given below-
Debenture Trustee for Tax-free Bonds-
Compliance Officer, Vistra ITCL (India) Limited
Plot C-22, G block, Bandra Kurla, Bandra, Mumbai: 400051
Phone: +91 22 2659 3927, Fax: +91 22 2653 3297
Email: itclcomplianceofficer@vistra.com Web: www.vistraitcl.com
Annual Report 2020-21 | 313
