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Tuesday, Jul 05, 2005

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NHB refinance disbursements up 131 pc in 2004-05

Our Bureau

New Delhi , July 4

THE annual refinance disbursements of National Housing Bank (NHB) touched an all-time high of Rs 7,500 crore during 2004-05, which represents a 130.55 per cent increase over the level of Rs 3,253 crore in 2003-04.

Rural housing accounted for 47 per cent of the annual refinance disbursements, according to a statement from NHB.

Cumulative refinance disbursements up to June 30 stood at Rs 20,641 crore.

As on June 30, 2005, the balance sheet size of NHB is likely to be around Rs 19,000 crore against Rs 13,000 crore in 2003-04.

NHB has widened the scope of its project finance loan policy to include more types of borrowers under its direct financing window.

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